BCE Inc Stock Price, News & Analysis

BCE Inc. (TSX: BCE, NYSE: BCE) will host its fourth-quarter 2020 results conference call on February 4, 2021, at 8:00 am Eastern Time. The call will feature CEO Mirko Bibic and CFO Glen LeBlanc, with media allowed to listen only. To join, dial 1-800-806-5484 or 416-340-2217, using passcode 9050712#. A replay will be accessible until March 4, 2021. A live audio webcast will also be available on BCE's website.

BCE is Canada's largest communications provider, offering broadband, TV, Internet, and business communications services.

BCE Inc. (TSX: BCE) announced that none of its fixed-rate Cumulative Redeemable First Preferred Shares, Series R will convert into floating-rate Series Q Preferred Shares on December 1, 2020. Only 156,972 of the 8,000,000 Series R shares were tendered, which is insufficient for conversion as it leaves less than one million Series Q shares outstanding. The Series R Preferred Shares will maintain their listing on the Toronto Stock Exchange and provide a fixed cash dividend of 3.018% quarterly for five years starting December 1, 2020.

BCE Inc. (BCE) has announced a normal course issuer bid (NCIB) to repurchase up to 10% of the public float of its outstanding First Preferred Shares listed on the Toronto Stock Exchange. The NCIB will run from November 9, 2020, to November 8, 2021. BCE plans to buy shares at market prices and cancel them upon acquisition. The initiative aims to enhance shareholder value amidst price ranges that do not reflect their full worth. BCE has not repurchased shares in the past year and will employ an automatic securities purchase plan for transactions during certain trading restrictions.

BCE reported a 4% increase in revenue to $6.1 billion for Q3 2023, driven by growth in wireless services. Net income rose to $1.5 billion, or $0.70 per share, indicating a strong performance. The company raised its 2023 guidance for free cash flow to approximately $5 billion. Investments in network infrastructure and increased demand for internet and TV services contributed to the positive results. However, BCE faces challenges including rising operational costs and competitive pressures in the telecommunications market.

Bell Canada has announced that it will redeem all outstanding Cdn $850 million principal amount of 2.00% Debentures, Series M-42, due on November 6, 2020. The redemption price will be $1,013.159 per $1,000 principal amount, plus $1.973 for accrued interest. This decision highlights Bell's financial strategy in managing its debts effectively. The Series M-42 Debentures were initially due on October 1, 2021, demonstrating the company’s proactive approach to debt redemption.

Bell Canada announced the early redemption of all outstanding Cdn $750 million principal amount of its 3.15% Debentures, Series M-30, previously due on September 29, 2021. The redemption will take place on September 14, 2020, at a price of $1,026.664 per $1,000 of principal, including $14.585 for accrued and unpaid interest. This decision reflects Bell's financial strategy and maintains its commitment to manage its debt effectively.

Bell Canada announced a public offering of Cdn $750 million in MTN Debentures under its medium term notes program. The 1.65% Series M-53 debentures are set to mature on August 16, 2027, with a yield to maturity of 1.651%. Proceeds will fund the redemption of existing 3.15% Series M-30 Debentures due on September 29, 2021. The offering is expected to close on August 14, 2020, subject to customary conditions. The Series M-53 debentures are guaranteed by BCE and will not be sold or registered in the U.S.

BCE has announced its quarterly earnings, showcasing a net income of $800 million, representing a 5% increase year-over-year. The company reported a revenue growth of 3% to $6.2 billion, driven by an increase in wireless and media segment performance. BCE also declared a quarterly dividend of $0.875 per share, reflecting confidence in its financial health. In a proactive move, BCE is investing $1 billion in network expansion to enhance service delivery, aiming to increase market share. However, rising operational costs remain a concern for future profitability.

BCE Inc. (TSX: BCE) will announce its second-quarter 2020 results on August 6, 2020, at 8:00 am Eastern Time. The conference call will feature CEO Mirko Bibic and CFO Glen LeBlanc, open to media on a listen-only basis. Participants can join by calling 1-866-696-5894 or 416-641-6150 with passcode 7959145#. A replay will be available until September 4, 2020. A live audio webcast will also be accessible on BCE's website.