BCE (BCE) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
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4 brokerages have issued 1 year target prices for BCE's stock. Their BCE share price forecasts range from $47.00 to $66.75. On average, they anticipate the company's stock price to reach $62.72 in the next twelve months. This suggests a possible upside of 38.6% from the stock's current price.
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BCE's stock was trading at $43.95 at the beginning of the year. Since then, BCE stock has increased by 3.0% and is now trading at $45.26.
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BCE saw a decrease in short interest in May. As of May 15th, there was short interest totaling 11,720,000 shares, a decrease of 11.3% from the April 30th total of 13,210,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 10.0 days. Approximately 1.3% of the company's shares are sold short.
View BCE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our BCE earnings forecast.

BCE Inc. (NYSE:BCE) released its earnings results on Thursday, November, 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The utilities provider earned $5.84 billion during the quarter, compared to the consensus estimate of $5.94 billion. BCE had a trailing twelve-month return on equity of 16.13% and a net margin of 10.85%. BCE's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS.

BCE declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.714 per share on Monday, July 17th. This represents a $2.86 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for BCE.

BCE (NYSE:BCE) pays an annual dividend of $2.81 per share and currently has a dividend yield of 6.23%. 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 131.92%. 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 115.64% 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, May, 4th. The company provided earnings per share (EPS) guidance of $2.31-$2.40 for the period, compared to the consensus estimate of $2.33. The company issued revenue guidance of $18.06 billion-$18.78 billion, compared to the consensus revenue estimate of $18.20 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 institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (1.70%), 1832 Asset Management L.P. (1.30%), Deutsche Bank AG (1.29%), FIL Ltd (1.09%), Toronto Dominion Bank (0.97%) and Scotia Capital Inc. (0.89%).

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 $45.26.

BCE (NYSE:BCE) has a market capitalization of $41.28 billion and generates $18.59 billion in revenue each year. The utilities provider earns $2.21 billion in net income (profit) each year or $2.13 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.