Topic: How To Invest

The Successful Investor Hotline – Friday, November 1, 2019

Article Excerpt

BCE INC., $62.45, Toronto symbol BCE, is a buy. The company is Canada’s largest traditional telephone service provider: it has 2.8 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. The company also has 3.5 million high-speed Internet users and 2.8 million TV subscribers. In addition, BCE sells wireless services to 9.8 million users across Canada and owns TV and radio stations. Thanks partly to the recent launch of new unlimited wireless data plans, BCE signed 127,172 wireless customers to long-term contracts (net of cancellations) in the three months ended September 30, 2019. That’s up 23.5% from the second quarter of 2019, but it’s down 6.0% from the third quarter of 2018; that year-earlier period benefited from a contract with an agency of the federal government. That agreement ended before the latest quarter. The company also added 31,746 customers for its Fibe TV business in the latest quarter as well as 58,137 customers for its high-speed Internet service. Both numbers…