A bullish outlook on BCE Inc. from Barron’s has the stock moving higher.
The closely-followed magazine suggested that the Canadian telecom player’s shares could “easily” trading 10% higher over the next year, offering a percentage return in the high teens.
"In the Olympic Men's Hockey Finals, the Canadian and U.S. teams were both impressive, with the slight but decisive edge going to the team from up north.," the article said. "Enjoying a similar edge: Canada’s BCE, versus the States’ AT&T and Verizon Communications. All are big, integrated, former-monopoly North American telecom companies. And all boast inviting dividend yields, healthy cash flow and strong brands. Yet BCE has the advantage of better growth opportunities and greater capacity to increase cash payouts to shareholders."