BCE Inc

BCE: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BCE Earnings: Uncertainty Looms Over Canadian Wireless Market; Reducing Fair Value by 10%

Samuel Siampaus

Feb 6, 2025

BCE’s fourth-quarter results provided little relief for investors anticipating a rosier outlook for Canada’s wireless market in 2025. We’ve reduced our fair value estimate to CAD 45/USD 32 per share from CAD 50/USD 36 to reflect continued intense competition in the wireless business. We still think the shares are significantly undervalued, trading in 5-star territory.

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BCE Inc

BCE Earnings: Uncertainty Looms Over Canadian Wireless Market; Reducing Fair Value by 10%

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