CA - BCE Inc. Is A Great Bargain Back At 7.6% Yield

2024-02-10 09:00:00 ET

Summary

• BCE Inc. has seen a material decline in share price but has strong operating fundamentals, including revenue and adjusted EPS growth.
• The company is benefiting from its fiber buildout and surpassing its 5G coverage objectives, which has led to growth in its mobile and internet business.
• BCE has a strong credit rating, liquidity position, and a history of dividend growth, making it an appealing choice for income investors while it's undervalued.

Growth stocks have had quite the run in recent months, and while it's tempting to jump on the bandwagon, I remain skittish around plopping hard-earned capital at speculative valuations. While I may be missing out of short-term gains, I'm more interested in protecting long-term returns....

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