Q: Good day all,
Is their enough room in BCE to grow it's price with more % than Telus over the next year or so. Or in your opinion do you see Telus regaining all its lost ground. I am actually looking at a trade from T to BCE and wonder if it is worthwhile.
Thank you.
Is their enough room in BCE to grow it's price with more % than Telus over the next year or so. Or in your opinion do you see Telus regaining all its lost ground. I am actually looking at a trade from T to BCE and wonder if it is worthwhile.
Thank you.
5i Research Answer:
Price predictions are tough. Telus, since it has lagged recently (though both are down 15% YTD) could potentially 'bounce' better in a recovery. But today we would see BCE as the 'safer' choice overall. So much depends on one's goals. If an investor has a timeframe of 3+ years, we would expect both to move somewhat similarily, and we would see T as a HOLD. BCE may do better in the short term, however.