BCE's Bell Media Acquires OUTFRONT's Canada-Based Business

Zacks06-11

BCE Inc’s BCE subsidiary Bell Media recently announced the closure of a deal to buy OUTFRONT Media Inc.’s OUT Canada-based business for C$410 million in cash, with adjustments to the purchase price as...

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ANET, sporting a Zacks Rank #1  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. 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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%.\nImage Source: Zacks Investment Research\nStocks to Consider\nArista Networks, Inc. ANET, 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, 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. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBCE, Inc. (BCE) : Free Stock Analysis Report\nMotorola Solutions, Inc. (MSI) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nOUTFRONT Media Inc. (OUT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442971073"}