Baird Financial Group Sells 2451 Shares of BCE

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BCE ($TSX:BCE) Inc. is a holding company that owns a number of subsidiaries in the communications and media industries. Its largest subsidiary is Bell Canada, a leading provider of telecommunications services in Canada. Other subsidiaries include Bell Mobility, Bell Media, and Bell Aliant. Baird Financial Group Inc. recently sold 2451 shares of BCE Inc.

This represents a small portion of Baird’s overall holdings in the company. It is not clear why Baird sold the shares, but it may be due to changes in the market or changes in Baird’s investment strategy.

Price History

BCE has been in the news recently due to its involvement in a proposed merger with Bell Canada. The merger, which is currently being reviewed by the Canadian government, would create a new telecommunications giant in Canada. If the merger is approved, it would be a positive development for BCE, as it would give the company a much larger customer base and a stronger market position. However, there is some concern that the government may not approve the deal, as it would result in fewer choices for consumers and could lead to higher prices.

VI Analysis

The company’s fundamentals reflect its long term potential, below analysis on BCE INC are made simple by VI app. Based on VI Star Chart BCE INC has a high health score of 7/10 with regard to its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy. BCE INC is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends.

What type of investors may interested in such company? BCE INC is strong in dividend, profitability, and weak in asset, growth.

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

BCE Inc. is one of Canada’s largest telecommunications companies. It offers a wide range of services to residential, business, and government customers across the country. BCE’s subsidiary, Bell Canada, is the country’s largest provider of wireless, TV, and Internet services. Investing in BCE provides investors with exposure to a leading Canadian telecommunications company with a wide range of services and a strong market position.