Topic: How To Invest

The Successful Investor Hotline – Friday, February 7, 2020

Article Excerpt

BCE INC., $64.22, Toronto symbol BCE, is a buy. Through their shares, investors tap Canada’s largest traditional telephone service provider: it has 2.7 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.6 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services to 9.96 million users across Canada and owns TV and radio stations. BCE continues to benefit from recent improvements to its wireless and high-speed Internet networks. The company signed 121,599 wireless customers to long-term contracts (net of cancellations) in the three months ended December 31, 2019. If you factor out a now-expired contract with an agency of the federal government in the year-earlier quarter, that increase represents a 21% jump over the past year. BCE also added 22,039 customers for its Fibe TV business in the latest quarter as well as 35,639 customers for its high-speed Internet service. Both numbers are net of cancellations. Thanks to these gains, along with better…