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Summary
- BCE Inc (TSX:BCE) posted a 1.2 per cent year-over-year (YoY) increase in its operating revenue in the 2021 first fiscal quarter results released on Thursday.
- Following this, BCE stocks rose by a little over one per cent on Thursday morning (11AM EST).
- Last week, it rolled out a commercial 400G wavelength on fibre optic that can provide faster connectivity to its users.
BCE Inc (TSX:BCE) posted a 1.2 per cent year-over-year (YoY) increase in its operating revenue of C$ 5.7 billion in the 2021 first fiscal quarter results released on Thursday, April 29. Following this, BCE stocks rose by a little over one per cent on Thursday morning (11AM EST).
BCE is one of the biggest national wireless carriers in the country, with at least 10 million customers using its services. Last week, it rolled out a commercial 400G wavelength on fibre optic that can provide faster connectivity to its users.
Let's take a closer look at BCE’s stock performance and financials.
BCE Inc (TSX:BCE) Latest Financials
In Q1 FY21, BCE’s adjusted EBITDA rose 0.5 per cent YoY to C$ 2,429 million, while its cash flows from operating activities increased by 37.3 per cent YoY to C$ 1,992 million.
The company’s net earnings were, however, down by 6.3 per cent to C$ 687 million in the latest quarter.
A Look At BCE’s Stock Performance
The telecommunications service provider posts a return on equity of 14.22 per cent, while its debt-to-equity ratio is 1.55, as per TMX. BCE’s market cap is nearly C$ 53 billion and its price-to-equity ratio stands at 20.9.
It distributes a quarterly dividend of C$ 0.875, while, in the past five years, grew at the rate of 5.09 per cent and currently registers a dividend yield of 6.067 per cent on TMX.
1-year chart of stock performance of Bell Canada (Source: EODHD/Others/Thomson Reuters)
In the past three months, BCE stock grew by about five per cent. At market close on April 28, the shares were priced at C$ 57.69 apiece, four per cent down from its 52-week high of C$ 60.14 (June 8, 2020) and nine per cent up from the 52-week low of C$ 52.52 (November 6, 2020).
The stock’s year-to-date (YTD) growth stands at six per cent and the stock surpassed the S&P/TSX Integrated Telecommunication Services (Sub Industry) Index, which grew about two per cent in comparison.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.
