We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BCE's Bell Media Acquires OUTFRONT's Canada-Based Business
Read MoreHide Full Article
BCE Inc’s (BCE - Free Report) subsidiary Bell Media recently announced the closure of a deal to buy OUTFRONT Media Inc.’s (OUT - Free Report) Canada-based business for C$410 million in cash, with adjustments to the purchase price as necessary.
New York-based OUT is a renowned player in the out-of-home advertising landscape. Using billboard and transit displays, the company provides advertising structures and sites to diverse industries across the 25 largest markets in the United States and 150 markets in the United States and Canada.
The sale of its Canada-based business is anticipated to provide additional financial flexibility to OUTFRONT Media by deleveraging its balance sheet. The initiative will not only allow it to decrease its financial leverage but also to concentrate exclusively on its operations within the United States, added OUT.
For Bell Media, this acquisition is likely to further reinforce its position in the out-of-home sector. With an expanded national portfolio encompassing digital and traditional out-of-home assets, it aims to deliver better outcomes for its advertising partners, added Bell Media.
Bell Media, a subsidiary of BCE, is in charge of managing the most popular media brands, including CTV, RDS, Crave, Discovery and Animal Planet. Apart from this, it boasts substantial investment in Canadian content creation, such as local television, radio news, sports and entertainment programming and other original TV and film productions. It frequently partners with advertisers to facilitate connections between brands and consumers through its cutting-edge advertising technology products and various other modes of communication.
In the last reported quarter, Bell Media generated revenues of C$725 million, declining 7.1% year over year. The downtick was primarily attributable to lower subscriber revenues.
Overall, BCE’s top line contracted 0.7% year over year to C$6,011 million ($4,458.9 million) due to softness across the Product and Service segment. Revenues missed the consensus mark by 0.21%. BCE reports its net sales under two segments – Bell CTS (Bell Wireless+ Bell Wireline) and Bell Media.
BCE currently has a Zacks Rank #4 (Sell). Shares of the company have lost 26.5% in the past year compared with the sub-industry’s decline of 12.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 (Strong Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven and data-centric approach to help customers build their cloud architecture and enhance their cloud experience. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista has a long-term earnings growth expectation of 15.7% and delivered an earnings surprise of 15.4%, on average, in the trailing four quarters.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BCE's Bell Media Acquires OUTFRONT's Canada-Based Business
BCE Inc’s (BCE - Free Report) subsidiary Bell Media recently announced the closure of a deal to buy OUTFRONT Media Inc.’s (OUT - Free Report) Canada-based business for C$410 million in cash, with adjustments to the purchase price as necessary.
New York-based OUT is a renowned player in the out-of-home advertising landscape. Using billboard and transit displays, the company provides advertising structures and sites to diverse industries across the 25 largest markets in the United States and 150 markets in the United States and Canada.
The sale of its Canada-based business is anticipated to provide additional financial flexibility to OUTFRONT Media by deleveraging its balance sheet. The initiative will not only allow it to decrease its financial leverage but also to concentrate exclusively on its operations within the United States, added OUT.
For Bell Media, this acquisition is likely to further reinforce its position in the out-of-home sector. With an expanded national portfolio encompassing digital and traditional out-of-home assets, it aims to deliver better outcomes for its advertising partners, added Bell Media.
Bell Media, a subsidiary of BCE, is in charge of managing the most popular media brands, including CTV, RDS, Crave, Discovery and Animal Planet. Apart from this, it boasts substantial investment in Canadian content creation, such as local television, radio news, sports and entertainment programming and other original TV and film productions. It frequently partners with advertisers to facilitate connections between brands and consumers through its cutting-edge advertising technology products and various other modes of communication.
In the last reported quarter, Bell Media generated revenues of C$725 million, declining 7.1% year over year. The downtick was primarily attributable to lower subscriber revenues.
Overall, BCE’s top line contracted 0.7% year over year to C$6,011 million ($4,458.9 million) due to softness across the Product and Service segment. Revenues missed the consensus mark by 0.21%. BCE reports its net sales under two segments – Bell CTS (Bell Wireless+ Bell Wireline) and Bell Media.
BCE currently has a Zacks Rank #4 (Sell). Shares of the company have lost 26.5% in the past year compared with the sub-industry’s decline of 12.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 (Strong Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven and data-centric approach to help customers build their cloud architecture and enhance their cloud experience. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista has a long-term earnings growth expectation of 15.7% and delivered an earnings surprise of 15.4%, on average, in the trailing four quarters.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.