BCE (BCE) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCE, but not buy additional shares or sell existing shares.
View BCE analyst ratings or view top-rated stocks.

5 equities research analysts have issued twelve-month target prices for BCE's shares. Their BCE share price forecasts range from $43.00 to $67.00. On average, they predict the company's stock price to reach $57.81 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
View analysts price targets for BCE or view top-rated stocks among Wall Street analysts.

BCE's stock was trading at $43.95 at the start of the year. Since then, BCE stock has decreased by 9.4% and is now trading at $39.83.
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BCE saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,260,000 shares, an increase of 58.9% from the August 15th total of 14,010,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 15.5 days. Approximately 2.4% of the shares of the company are sold short.
View BCE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BCE earnings forecast.

BCE Inc. (NYSE:BCE) posted its earnings results on Thursday, August, 3rd. The utilities provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.01. The utilities provider earned $4.52 billion during the quarter, compared to analyst estimates of $4.55 billion. BCE had a trailing twelve-month return on equity of 16.24% and a net margin of 9.68%.

BCE declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.73 per share on Monday, October 16th. This represents a $2.92 annualized dividend and a yield of 7.33%. The ex-dividend date is Thursday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for BCE.

SPDR S&P Kensho Intelligent Structures ETF holds 8,721 shares of BCE stock, representing 1.57% of its portfolio.

BCE (NYSE:BCE) pays an annual dividend of $2.90 per share and currently has a dividend yield of 7.27%. BCE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 153.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BCE will have a dividend payout ratio of 117.41% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BCE.

BCE updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.32-$2.42 for the period, compared to the consensus earnings per share estimate of $2.42. The company issued revenue guidance of $18.18 billion-$18.89 billion, compared to the consensus revenue estimate of $18.84 billion.

84 employees have rated BCE Chief Executive Officer Mirko Bibic on Glassdoor.com. Mirko Bibic has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other BCE investors own include AT&T (T), Verizon Communications (VZ), Pfizer (PFE), AbbVie (ABBV), Enbridge (ENB), Johnson & Johnson (JNJ), CVS Health (CVS), Cisco Systems (CSCO), Royal Bank of Canada (RY) and Brookfield Infrastructure Partners (BIP).

BCE trades on the New York Stock Exchange (NYSE) under the ticker symbol "BCE."

BCE's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (3.63%), National Bank of Canada FI (1.69%), Bank of Nova Scotia (1.59%), Capital Research Global Investors (1.52%), 1832 Asset Management L.P. (1.31%) and TD Asset Management Inc (1.19%).

Shares of BCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BCE stock can currently be purchased for approximately $39.83.

BCE (NYSE:BCE) has a market capitalization of $36.34 billion and generates $18.59 billion in revenue each year. The utilities provider earns $2.21 billion in net income (profit) each year or $1.89 on an earnings per share basis.

The company employs 44,610 workers across the globe.

BCE's mailing address is 1 carrefour Alexander-Graham-Bell Building A 7th Floor, Verdun A8, H3E 3B3. The official website for the company is www.bce.ca. The utilities provider can be reached via phone at (888) 932-6666, via email at investor.relations@bell.ca, or via fax at 514-766-5735.