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NYSE:BCE

BCE - BCE Stock Forecast, Price & News

$50.75
-0.31 (-0.61%)
(As of 08/17/2022 05:17 PM ET)
Add
Compare
Today's Range
$50.53
$50.93
50-Day Range
$47.52
$54.20
52-Week Range
$47.25
$59.34
Volume
779,808 shs
Average Volume
1.40 million shs
Market Capitalization
$46.28 billion
P/E Ratio
20.38
Dividend Yield
5.56%
Price Target
$66.00

BCE MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
30.1% Upside
$66.00 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.29mentions of BCE in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.94%
From $2.63 to $2.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Utilities Sector

33rd out of 93 stocks

Telephone Communication, Except Radio Industry

12th out of 28 stocks

BCE stock logo

About BCE (NYSE:BCE) Stock

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communication products and services, as well as consumer electronics products. The Bell Wireline segment offers data, including internet access and Internet protocol television (IPTV), local telephone, and long distance services, as well as other communication services and products; and satellite TV service and connectivity servuces. This segment also buys and sells local telephone, long distance, data, and other services from or to resellers and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

Analyst Ratings Changes

BCE has been the topic of several research reports. Scotiabank initiated coverage on shares of BCE in a research report on Tuesday, June 28th. They issued an "outperform" rating on the stock. Barclays boosted their price target on shares of BCE from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Friday, August 5th. Royal Bank of Canada boosted their price target on shares of BCE from C$69.00 to C$70.00 in a research report on Friday, May 6th. Canaccord Genuity Group cut their price target on shares of BCE from C$70.00 to C$66.00 in a research report on Friday, July 22nd. Finally, Desjardins boosted their price target on shares of BCE from C$68.00 to C$70.00 in a research report on Monday, May 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.00.

BCE Stock Up 1.7 %

Shares of BCE opened at $51.06 on Wednesday. BCE has a 52 week low of $47.25 and a 52 week high of $59.34. The firm has a market cap of $46.56 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 4.32 and a beta of 0.48. The firm's 50-day simple moving average is $49.55 and its 200 day simple moving average is $52.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.65.

BCE (NYSE:BCE - Get Rating) (TSE:BCE) last announced its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. BCE had a net margin of 12.40% and a return on equity of 15.73%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.87 billion. During the same quarter in the prior year, the business earned $0.68 EPS. BCE's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that BCE will post 2.63 earnings per share for the current year.

BCE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 15th will be paid a $0.719 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $2.88 dividend on an annualized basis and a yield of 5.63%. This is a positive change from BCE's previous quarterly dividend of $0.72. BCE's dividend payout ratio is 114.06%.

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BCE Stock News Headlines

Barclays Raises BCE (NYSE:BCE) Price Target to $51.00
Form 6-K BCE INC For: Jun 30 - StreetInsider.com
BCE reports second quarter 2022 results
BCE (BCE) to Release Earnings on Thursday
BCE Inc stock boosted on Friday.
BCE Stock: It's Time To Get Out Now - Seeking Alpha
See More Headlines
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BCE Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2022
Dividend Payable
7/15/2022
Last Earnings
8/04/2022
Today
8/17/2022
Ex-Dividend for 10/15 Dividend
9/14/2022
Dividend Payable
10/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
N/A
Sector
Utilities
Employees
49,781
Year Founded
1880

Price Target and Rating

Average Stock Price Forecast
$66.00
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+30.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$2.27 billion
Pretax Margin
17.58%

Debt

Sales & Book Value

Annual Sales
$18.71 billion
Cash Flow
$6.78 per share
Book Value
$17.07 per share

Miscellaneous

Free Float
910,562,000
Market Cap
$46.28 billion
Optionable
Optionable
Beta
0.48

Key Executives














BCE Stock - Frequently Asked Questions

Should I buy or sell BCE stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last year. There are currently 6 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.

What is BCE's stock price forecast for 2022?

7 brokers have issued 1 year target prices for BCE's stock. Their BCE share price forecasts range from $51.00 to $71.00. On average, they expect the company's stock price to reach $66.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
View analysts price targets for BCE
or view top-rated stocks among Wall Street analysts.

How have BCE shares performed in 2022?

BCE's stock was trading at $52.04 at the beginning of 2022. Since then, BCE shares have decreased by 1.9% and is now trading at $51.06.
View the best growth stocks for 2022 here
.

Are investors shorting BCE?

BCE saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,530,000 shares, a decline of 14.5% from the July 15th total of 12,310,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 8.0 days. Approximately 1.2% of the shares of the company are short sold.
View BCE's Short Interest
.

When is BCE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BCE earnings forecast
.

How were BCE's earnings last quarter?

BCE Inc. (NYSE:BCE) issued its quarterly earnings data on Thursday, August, 4th. The utilities provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. The utilities provider had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.87 billion. BCE had a trailing twelve-month return on equity of 15.73% and a net margin of 12.40%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS.

How often does BCE pay dividends? What is the dividend yield for BCE?

BCE declared a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.719 per share on Saturday, October 15th. This represents a $2.88 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Wednesday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.72.
Read our dividend analysis for BCE
.

Is BCE a good dividend stock?

BCE (NYSE:BCE) pays an annual dividend of $2.84 per share and currently has a dividend yield of 5.66%. BCE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 114.06%. 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 102.90% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BCE.

What guidance has BCE issued on next quarter's earnings?

BCE updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of $2.55-$2.67 for the period, compared to the consensus estimate of $2.65. The company issued revenue guidance of $18.56 billion-$19.29 billion, compared to the consensus revenue estimate of $18.81 billion.

What is Mirko Bibic's approval rating as BCE's CEO?

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.

What other stocks do shareholders of BCE own?

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).

What is BCE's stock symbol?

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

Who are BCE's major shareholders?

BCE's stock is owned by many different institutional and retail investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (1.85%), Bank of Nova Scotia (1.52%), Deutsche Bank AG (1.26%), TD Asset Management Inc. (1.23%), Franklin Resources Inc. (1.12%) and Toronto Dominion Bank (0.99%).

How do I buy shares of BCE?

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.
Compare Top Brokerages Here.

What is BCE's stock price today?

One share of BCE stock can currently be purchased for approximately $51.06.

How much money does BCE make?

BCE (NYSE:BCE) has a market capitalization of $46.56 billion and generates $18.71 billion in revenue each year. The utilities provider earns $2.27 billion in net income (profit) each year or $2.49 on an earnings per share basis.

How many employees does BCE have?

The company employs 49,781 workers across the globe.

Does BCE have any subsidiaries?
The following companies are subsidiares of BCE: Alarm Force Industries, American Management Systems, Astral Media, Axia NetMedia, Bell Aliant Inc., Bell Canada, Bell Media, Bell Mobility, Cieslok Media Ltd., Corus, Environics Analytics, Gestion Infopharm, Glentel, MTS, Maple Leaf Sports & Entertainment, Q9 Networks, SPACECONNECTION, TESS S.A., Teleglobe, Telesat Canada, The Source (Bell) Electronics, Toronto Argonauts Football Club, Tri-Comp Systems, Virgin Mobile Canada, Ware Solutions Corp, and e-route.
Read More
When was BCE founded?

BCE was founded in 1880.

How can I contact BCE?

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.

This page (NYSE:BCE) was last updated on 8/17/2022 by MarketBeat.com Staff

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