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Thursday, February 7, 2013

Bell Canada parent profit rises on strong wireless unit, (NYSE: BCE), (TSE: BCE.TO), (NYSE: RCI)

BCE Inc, Canada's biggest telecom provider, reported higher quarterly profit and raised its dividend on Thursday, as the wireless and media divisions and investment gains boosted the bottom line.But the Bell Canada parent said it expected revenue to stagnate or grow by at most 2 percent this year, compared with 3 percent growth in 2012.The company, which together with Rogers Communications Inc and Telus Corp dominates the Canadian market, sees earnings for 2013 rising slightly.For the final quarter of the year, profit was in line with expectations as strong performances in wireless and media more than offset Bell's weaker wireline business.

BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE remained unchanged at $44.77. In the past year, the shares have traded as low as $39.03 and as high as $45.68. On average, 727803 shares of BCE exchange hands on a given day and today's volume is recorded at 1100.

Shares of BCE traded higher by 0.61% or $0.27/share to $44.52. In the past year, the shares have traded as low as $39.12 and as high as $45.28. On average, 1344940 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 0.

Rogers Communications Inc. (RCI) is a diversified public Canadian communications and media company. Shares of RCI remained unchanged at $46.83. In the past year, the shares have traded as low as $33.58 and as high as $47.09. On average, 247066 shares of RCI exchange hands on a given day and today's volume is recorded at 0.



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