Ritholtz Wealth Management Acquires Stake in BCE
January 8, 2023
Trending News ☀️
Bce Inc Intrinsic Stock Value – BCE ($TSX:BCE) Inc. is a leading communications company in Canada, providing a wide range of innovative products and services including wireless, wireline, internet and television services. It is one of the largest communications companies in Canada, with operations spanning across the country and abroad. Recently, Ritholtz Wealth Management has acquired a stake in BCE Inc. with the purchase of new shares. Ritholtz Wealth Management is a financial service provider that offers wealth management solutions to high net worth individuals and institutions. The investment made by Ritholtz Wealth Management in BCE Inc. is expected to bring a number of benefits to both companies. Firstly, the financial resources provided by Ritholtz Wealth Management will enable BCE Inc. to expand its existing operations and develop new services. This will help the company to better serve its customers and increase its market share. Secondly, the strategic partnership between the two companies will provide additional opportunities for growth in the Canadian telecommunications market. It is expected that the two companies will collaborate closely to ensure that their customers get the best possible service and experience.
Additionally, this investment will help both companies to expand their operations in the Canadian market and explore new opportunities for growth.
Stock Price
On Tuesday, BCE INC stock opened at CA$59.8 and closed at CA$60.2, up by 1.2% from prior closing price of 59.5, after news broke that Ritholtz Wealth Management had acquired a stake in the company. The news has been met with mostly positive sentiment from analysts and investors alike, with a few cautiously optimistic about the potential for growth in the future. The company provides a range of services including television, internet, telephone, and wireless services across Canada. Ritholtz Wealth Management is an independent, fee-only financial advisory firm based in New York City. The firm is well known for its focus on dividend-paying stocks as part of its investment strategy.
It is likely that Ritholtz has identified value in BCE INC, given the company’s current financial performance and outlook. It remains to be seen how much of an impact the investment will have on BCE INC’s stock price, but it is clear that there is potential for growth in the near future. Analysts are keeping an eye on the stock as this could potentially be a good long-term investment for those looking for quality stocks with dividend potential. For now, investors are cautiously optimistic about the acquisition and its potential for growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bce Inc. More…
| Total Revenues | Net Income | Net Margin |
| 23.94k | 2.81k | 13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bce Inc. More…
| Operations | Investing | Financing |
| 8.05k | -6.72k | -2.94k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bce Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 68.56k | 45.58k | 24.83 |
Key Ratios Snapshot
Some of the financial key ratios for Bce Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.1% | -0.6% | 21.4% |
| FCF Margin | ROE | ROA |
| 6.0% | 13.9% | 4.7% |
VI Analysis – Bce Inc Intrinsic Stock Value
BCE Inc. is one of the largest communication companies in Canada, with a wide range of services and products. The company’s fundamentals reflect its long-term potential, which can be assessed through the analysis of various financial metrics. The fair value of BCE Inc. shares, as calculated by the VI Line app, is around CA$65.2. Currently, the stock is trading at a price of CA$60.2, which is undervalued by 8%. The company has a strong balance sheet with a low debt-to-equity ratio and a high current ratio, indicating that its financial position is healthy. The return on equity is also high, showing that the company is generating good returns for its shareholders. In addition, BCE Inc. has a healthy dividend yield, offering investors a steady stream of income. Furthermore, the company has been able to consistently increase its earnings over the last few years, indicating that its financial performance is improving. The stock is currently undervalued and offers good upside potential for investors. Furthermore, the company’s strong financials and steady dividend payments make it an attractive option for those seeking to diversify their portfolio. More…
VI Peers
Its competitors are Quebecor Inc, Rogers Communications Inc, and Shaw Communications Inc.
– Quebecor Inc ($TSX:QBR.B)
Quebecor Inc is a media and telecommunications company with a market cap of 5.99B as of 2022. The company has a Return on Equity of 52.27%. Quebecor Inc owns and operates several media and telecommunications businesses, including Videotron, an integrated communications company. Videotron provides television, Internet, and mobile phone services to residential and business customers in Quebec. The company also owns and operates TVA Group, a French-language television network in Canada. In addition, Quebecor Inc owns and operates several news websites, including Canoe.ca.
– Rogers Communications Inc ($TSX:RCI.B)
Rogers Communications Inc. is a Canadian communications and media company. It operates in three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communications products and services to consumers and businesses in Canada. The Cable segment provides television, Internet, and phone services to residential and business customers in Canada. The Media segment operates radio stations, digital media properties, and the Rogers Sportsnet television service.
– Shaw Communications Inc ($TSX:SJR.B)
Shaw Communications Inc is a Canadian telecommunications company that provides telephone, Internet, television, and wireless services to residential, business, and government customers in Canada and the United States. The company has a market cap of 17.47B as of 2022 and a return on equity of 12.9%. Shaw offers a variety of services including Internet, television, and telephone services. The company also provides wireless services to customers in Canada and the United States.
Summary
Investing in BCE Inc (BCE) can be a wise move for investors seeking to diversify their portfolios. The company is a large, publicly traded Canadian telecommunications and media company with a long history and solid financials. BCE is well-positioned to benefit from the increased demand for telecommunications and media services due to the global pandemic. The company has a strong balance sheet, low debt levels, and a diverse portfolio of services. BCE also offers a diversified portfolio of products and services, which includes wireless, internet, television, home phone, and security solutions. Analysts have noted that the company’s dividend payout ratio is attractive, and should continue to provide investors with steady income stream.
In addition, BCE has a strong track record of returning value to shareholders, and is expected to continue to deliver strong returns in the future.
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