12:44 PM EDT, 05/14/2025 (MT Newswires) -- The Canadian telecom sector completed reporting first-quarter results (second quarter for Cogeco) last week.

Ahead of reporting, National Bank trimmed estimates for BCE, Quebecor, and Rogers, with Rogers delivering in-line results to adjusted expectations, Quebecor arriving in-line with NBF but slightly below consensus, Cogeco (CCA) beating its guidance with the help of cost timing and FX, BCE outperforming due to Media, and Telus ( TU ) moderately beating as a result of TTech, writes analyst Adam Shine.

Since their last results, Quebecor's share price popped +17% (was downgraded to Sector Perform by National Bank on April 3 after the stock hit its target), Cogeco rose over 9% after imploding more than -10% in the two weeks after its first quarter as a result of the Street disappointed with its second-quarter outlook, Telus ( TU ) added incrementally (+3%) to gains notched early in the year, BCE lost ground though did jump +10% from its 52-week low on April 9 (upgraded by National Bank to Outperform on April 3), and Rogers continued to see ongoing pressure despite at least recovering almost +10% from its 52-week low hit on April 10.

Price: 29.68, Change: -0.95, Percent Change: -3.10