Rogers, Telus Seen as Canadian Telecom Leaders in 4Q -- Market Talk

Dow Jones

2025/12/23

0734 ET - Canadian telecoms continue to show steady fundamentals in 4Q, says Vince Valentini of TD Cowen. The analyst expects gradual improvement in wireless average revenue per user and service‑revenue growth, alongside stronger free cash flow and continued debt reduction driven by non‑core asset sales. Rogers remains the most attractively valued once the Maple Leaf Sports and Entertainment assets are excluded, followed by Telus as current stock pressure appears excessive. Meanwhile, he views BCE as stable for income‑focused investors, though 2026 is unlikely to deliver meaningful organic revenue or Ebitda growth. Valentini thinks that 4Q results could act as positive catalysts for Rogers and Telus, while BCE could see an improvement in churn but softer wireline and media trends. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

December 23, 2025 07:34 ET (12:34 GMT)

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The analyst expects gradual improvement in wireless average revenue per user and service‑revenue growth, alongside stronger free cash flow and continued debt reduction driven by non‑core asset sales. Rogers remains the most attractively valued once the Maple Leaf Sports and Entertainment assets are excluded, followed by Telus as current stock pressure appears excessive. Meanwhile, he views BCE as stable for income‑focused investors, though 2026 is unlikely to deliver meaningful organic revenue or Ebitda growth. Valentini thinks that 4Q results could act as positive catalysts for Rogers and Telus, while BCE could see an improvement in churn but softer wireline and media trends. 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The analyst expects gradual improvement in wireless average revenue per user and service‑revenue growth, alongside stronger free cash flow and continued debt reduction driven by non‑core asset sales. Rogers remains the most attractively valued once the Maple Leaf Sports and Entertainment assets are excluded, followed by Telus as current stock pressure appears excessive. Meanwhile, he views BCE as stable for income‑focused investors, though 2026 is unlikely to deliver meaningful organic revenue or Ebitda growth. Valentini thinks that 4Q results could act as positive catalysts for Rogers and Telus, while BCE could see an improvement in churn but softer wireline and media trends. (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 23, 2025 07:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TU","symbol_name":"泰勒斯","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593497267","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593497267","pubTimestamp":1766493240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0734 ET - Canadian telecoms continue to show steady fundamentals in 4Q, says Vince Valentini of TD Cowen. 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Rogers remains the most attractively valued once the Maple Leaf Sports and Entertainment assets are excluded, followed by Telus as current stock pressure appears excessive. Meanwhile, he views BCE as stable for income‑focused investors, though 2026 is unlikely to deliver meaningful organic revenue or Ebitda growth. Valentini thinks that 4Q results could act as positive catalysts for Rogers and Telus, while BCE could see an improvement in churn but softer wireline and media trends. (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 23, 2025 07:34 ET (12:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}