Undervalued Telecommunication Service Stocks on TSE March 2025

March 30, 2025

March 2025

Industry Group

RCI.B:TSE

Telecommunication Services

Telecommunication Services

Companies in the Telecommunication Services industry provide local, national, international, and long-distance phone services and wireless services. This industry group also includes companies providing services for faxing, prepaid phone cards, pay phones and directory assistance, or that provide internet access services.

Toronto Stock Exchange

The Toronto Stock Exchange (TSE) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Telecommunication Services stocks

Stocks in this category are held primarily for potential income and capital appreciation.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	Yield (%)	P/E Ratio
RCI.B	Rogers Communications	39.06	54.84	40.40	2000643	20897	5.12	12.2
RCI.A	Rogers Communications	42.31	52.57	24.26	2163	22636	4.73	13.2
BCE	BCE	32.87	35.79	8.87	3690002	29987	12.14	182.6
QBR.B	Quebecor	36.31	38.81	6.89	1481321	8428	3.65	11.2
CCA	Cogeco Communications	68.40	70.41	2.94	126249	2893	5.19	8.3
QBR.A	Quebecor	37.75	38.81	2.81	1950	8762	3.51	11.7
T	TELUS	20.44	20.65	1.03	4841141	30517	7.74	30.5

All data provided as at market close March 27, 2025.

Company Details

Rogers Communications

RCI.B:TSX

Close Price

39.06

Our Valuation

54.84

% Difference

40.40

Market Cap ($M)

20897

P/E Ratio

12.2

Rogers Communications is the largest wireless service provider in Canada, with its more than 11 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years.

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Rogers Communications

RCI.A:TSX

Close Price

42.31

Our Valuation

52.57

% Difference

24.26

Market Cap ($M)

22636

P/E Ratio

13.2

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BCE

BCE:TSX

Close Price

32.87

Our Valuation

35.79

% Difference

8.87

Market Cap ($M)

29987

P/E Ratio

182.6

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier-the legacy telephone provider-throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets.

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Quebecor

QBR.B:TSX

Close Price

36.31

Our Valuation

38.81

% Difference

6.89

Market Cap ($M)

8428

P/E Ratio

11.2

Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta.

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Cogeco Communications

CCA:TSX

Close Price

68.40

Our Valuation

70.41

% Difference

2.94

Market Cap ($M)

2893

P/E Ratio

8.3

Cogeco Communications is a telecom service provider in Canada and the US, specifically in rural and suburban geographies. It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec. In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.

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Quebecor

QBR.A:TSX

Close Price

37.75

Our Valuation

38.81

% Difference

2.81

Market Cap ($M)

8762

P/E Ratio

11.7

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TELUS

T:TSX

Close Price

20.44

Our Valuation

20.65

% Difference

1.03

Market Cap ($M)

30517

P/E Ratio

30.5

Telus is one of the Big Three wireless service providers in Canada, with over 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec.

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