QBCRF - BCE: This 5.1%-Yielding Stock Should Continue To Grow But Shares Are Fairly Valued
Investment Thesis
BCE (BCE) delivered another quarter of top and bottom line growth in Q1 2019. The company should be able to continue to deliver positive revenue and EBITDA growth in its wireless segment due to healthy postpaid subscriber adds, churn rate improvements, and modest average billing per user growth. BCE’s wireline business should perform well thanks to its continual upgrade to fiber network. In addition, its wireless-to-the-home service should also help deliver growth in rural areas. The company remains a good defensive stock choice with consistent dividend growth. However, its shares are