BCE Stock Analysis: A Smart Choice for Potential Value and Income
BCE (TSX:BCE) stock continued its downtrend, falling 8.8% between April 2 and 8, when the TSX Composite Index fell 11.1%. The telecom stock has fallen to a 15-year low. I won’t be surprised if the stock hits its 2009 low of around $21–$24. The massive scale of U.S. tariffs on all trade partners has increased the fears of a recession.
Impact of Trump tariff on BCE
BCE won’t be directly impacted by tariffs, as it earns most of its revenues by serving Canadians. However, it is exposed to indirect impacts. For instance, the depreciation of the Canadian dollar could make BCE’s acquisition of American fibre-optic internet provider Ziply Fiber expensive. Moreover, tariffs could negatively affect economic growth.
Inflation and slow…
