BCE Still Evenly Poised - Analyst Blog
2013年1月15日 - 10:50PM
Zacks
On January 10, we maintained our
Neutral recommendation on BCE Inc (BCE) based on
its unparalleled asset base along with a broad collection of
product offerings. The stock holds a Zacks Rank #3 (Hold), which
further supports our view.
Why the Reiteration?
We expect the Canadian communications service provider BCE to
benefit from higher wireless revenue, improving wireline revenue,
growing contribution from media business and cost reduction
methods. The company is enhancing its wireline and wireless video
capabilities with significant new investments in broadband
networks, which are expected to generate higher revenue per user
and attract new customers.
The company’s Bell Media segment is also performing better than
expected with the rapid growth in video usage and the media
advertising demand. Further, acquisitions will continue to play an
important role in boosting BCE’s overall portfolio. We also
appreciate the company’s commitment to return value to its
shareholders in the form of increased dividend and share
repurchases.
Despite these positive aspects, we remain on the sidelines as
failure on the company’s part to achieve its targets will adversely
affect its revenue and earnings. Moreover, stiff competition from
national carriers, regulatory issues and continued decline in
network access services keep us cautious on the stock.
We witnessed no earnings momentum over the last 30 days. The Zacks
Consensus Estimates for the fourth quarter and full year 2012 are
currently pegged at 68 cents and $3.21 per share, respectively.
This reflects year-over-year increase of 7.4% and 1.8% for the
quarter and full year.
Other Stocks to Consider
Other stocks, within the diversified commutations service segment,
worth considering are Hawaiian Telcom Holdco Inc
(HCOM) and Shenandoah Telecommunications Co.
(SHEN). Both of them carry Zacks Rank #2 (Buy).
BCE INC (BCE): Free Stock Analysis Report
HAWAIIAN TELCOM (HCOM): Free Stock Analysis Report
SHENANDOAH TELE (SHEN): Free Stock Analysis Report
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