Q: Thinking on getting a position in BCE A bit for growth but mostly long term dividends
Is it a buy,hold or sell ?
Do you like it for the long time
Thank you 😊
Is it a buy,hold or sell ?
Do you like it for the long time
Thank you 😊
5i Research Answer:
We continue to think BCE can be slowly accumulated into any further weakness. We would consider it OK for income investors and would not expect huge growth here. Sentiment and valuation have dropped to near all-time lows. A dividend cut is 'possible' but we do not see it happening. We do not think investors need to rush and buy, but we think with lower interest rates and its cost-cutting efforts sentiment may improve over time.