|Bid||0.00 x 1400|
|Ask||46.09 x 800|
|Day's Range||45.09 - 45.34|
|52 Week Range||38.75 - 45.71|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||19.69|
|Forward Dividend & Yield||2.38 (5.31%)|
|1y Target Est||47.54|
MONTRÉAL, May 14, 2019 /CNW Telbec/ - Bell Canada (Bell) (BCE) (BCE) today announced it will redeem, on June 13, 2019 , prior to maturity, all of its outstanding $1 billion principal amount of 3.25% Debentures, Series M-27, due June 17, 2020 (the "Series M-27 Debentures"). The Series M-27 Debentures will be redeemed at a price equal to $1,011.945 per $1,000 of principal amount of debentures plus $15 .849 per $1,000 of principal amount for accrued and unpaid interest up to, but excluding, the date of redemption. In addition, Bell will redeem, on May 24, 2019 , (the "M-37 Redemption Date"), prior to maturity, all of its outstanding $400 million principal amount of 3.54% Debentures, Series M-37, due June 12, 2020 (the "Series M-37 Debentures").
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this release. MONTRÉAL, May 8, 2019 /CNW Telbec/ - Bell Canada (Bell) (BCE) (BCE) today announced the public offering in the United States (the US Offering) of US$600 million aggregate principal amount of 4.30% Series US-2 Notes due 2049 (the Notes).
The head of the U.S. Justice Department's Antitrust Division, Makan Delrahim, postponed the deadline for approving the merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) from last Monday to July 29. The delay has raised doubts about the deal getting the green light, sending both T-Mobile and Sprint stock lower in Monday trading. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading Tips"I have not made up my mind," Delrahim told CNBC. "The investigation continues. We've requested some data from the companies that will be forthcoming. We don't have a set number of meetings or a timeline," he added. * 10 Cheap Stocks to Buy in May, But Don't Go Away I'm not a legal analyst, but when a decision is delayed by three months, I think that usually indicates that the applicants are not winning the PR battle. I could not care less about either company, and I wouldn't own either stock, although I did suggest in February 2017 that investors interested in T-Mobile stock buy its parent, Deutsche Telekom (OTCMKTS:DTEGY), instead because it pays a healthy dividend. As for Sprint stock, InvestorPlace contributor Ian Bezek recently stated that its share price would be squashed if the Department of Justice denied the transaction. "Sprint stock could be heading for a similarly tragic fate. It's been apparent for years that Sprint and T-Mobile should merge to create a viable third option to AT&T and Verizon," Bezek wrote in an article published on Apr. 3. "Yet, the government seems increasingly set on blocking the deal. With Sprint set to have a poor 2019 as an independent company, shareholders need to start asking what happens if the deal is scuttled."At this point, I'd be shocked if the government allows the deal to go ahead. Here's why. Just Like CanadaIn Canada, there are only three wireless carriers: Rogers Communications (NYSE:RCI), BCE (NYSE:BCE) and Telus (NYSE:TU). Sure, a few independent carriers are operating, but there's a reason why Canada has some of the highest wireless charges in the world. "While progress is being made, prices in Canada remain expensive compared to other nations," the Department of Innovation, Science and Economic Development (ISED), which commissioned the annual study of wireless prices in Canada compared to the world, stated in December. The report found that a 2GB plan in Canada was 20% more expensive than the average price for the same plan in four mid-sized American cities. The Canadian package was also more expensive than similar plans in Berlin, Paris, London, and Rome.Naturally, the Canadian Wireless Telecommunications Association has a problem with the study because it doesn't focus on promotional pricing offered by its members. Anecdotally, I know how expensive Canadian plans are because friends of mine in Halifax who moved there from Washington D.C. last year, couldn't stop remarking about the difference in cost between their U.S. provider and Canadian ones. Let's just say that Canada has not benefited from a telecom triopoly. Significant OppositionSeveral different groups representing unions, consumer associations, media types, and other concerned citizens have railed against the Sprint-T-Mobile marriage because it does not help the average American much. "Our nation's antitrust and telecommunications laws set a purposefully high bar for mergers that consolidate a market to this degree," the detractors told the FCC. All of these diverse stakeholders have one clear message: The Department and Commission should reject this merger, because it means less competition, fewer choices, and higher prices for consumers.In what world does it make sense to have three companies controlling a wireless market with 327 million people?Canada has a population of 37 million, about one-eighth of America's, and yet it has three major providers, albeit ones that charge an arm and a leg for service. It is sheer lunacy to allow these companies to merge because if Canada is any indication, the results that the detractors warn about -- fewer choices and higher prices -- most certainly will materialize. If you own Sprint stock, I would sell it while you still can, because unless President Trump has something to gain financially from this deal going through, it isn't going to be approved. Full stop. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Sell Sprint Stock Because Sprint's Merger Will Probably Be Blocked appeared first on InvestorPlace.
BCE (BCE) delivered earnings and revenue surprises of 0.00% and 0.59%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Verdun, Quebec-based company said it had profit of 62 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share. The results matched Wall Street expectations. ...
BCE (BCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CRTC rules Quebecor contravened the law and issues mandatory order prohibiting the broadcaster from denying TVA Sports to Bell TV customers
Bell welcomes injunction from Québec Superior Court ordering Quebecor to return TVA Sports access to Bell TV customers
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Bank of Montreal has revamped its ...
MONTRÉAL, April 10, 2019 /CNW Telbec/ - Bell announced that the Canadian Radio-television and Telecommunications Commission (CRTC) today issued a legally binding decision confirming that Quebecor must continue to make its TVA Sports channel available to Bell TV customers. Despite an earlier CRTC directive issued Monday requiring the cable and media company to continue to provide TVA Sports to Bell TV and its customers, Quebecor has continued to threaten to cut off access to the channel during the NHL playoffs, potentially impacting hundreds of thousands of Bell TV customers.
Bell statement on Quebecor's illegal threat to deny Bell TV customers access to TVA Sports
BCE (BCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.