Can Core Business Focus Aid BCE To Achieve A Turnaround?
Zacks Investment Research | Apr 15, 2018 11:14PM ET
On Apr 16, we updated the research report on BCE Inc. (TO:BCE) . It carries a Zacks Rank #4 (Sell).
The introduction of price cap rules by the Canadian regulators have limited rate increases and reduced the amount that incumbent carriers can charge from competitors for accessing the former’s network. As BCE attempts to offset inter-carrier price caps by raising fees of its own end-users, the market dynamics and dictating elasticity have reduced overall demand as customers tend to switch to lower-priced carriers.
Successful implementation of BCE’s six core goals is the most critical factor in determining its future profitability. The execution requires enhanced employee skills, more capital investment and targeted cost reductions. Failure in any of these mars company’s financials and growth prospects, leading to lower revenues and profitability. Over the last three months, shares of BCE have underperformed the Zacks Investment Research
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