Topic: How To Invest

The Successful Investor Hotline – Friday, August 3, 2018

Article Excerpt

BCE INC., $54.14, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 3.1 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 3.9 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services to 9.3 million users across Canada and owns TV and radio stations. BCE continues to benefit from ongoing improvements to its networks, which are helping it attract new customers. In the three months ended June 30, 2018, the company signed 122,092 wireless customers to long-term contracts (net of cancellations). That’s a 37.8% gain of over the 88,611 new users for the year-earlier quarter. The company also added 20,653 customers for its Fibe TV business and 10,816 customers for its high-speed Internet service. Thanks to those gains, BCE’s revenue in the three months ended June 30, 2018, rose 1.7%, to $5.79 billion from $5.69 billion a year earlier. Even so, that missed the consensus forecast of $5.80 billion. If…