BCE - BCE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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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6 analysts have issued 12 month price targets for BCE's stock. Their BCE share price forecasts range from $47.00 to $70.00. On average, they anticipate the company's share price to reach $63.18 in the next year. 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 on January 1st, 2023. Since then, BCE stock has increased by 3.7% and is now trading at $45.59.
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BCE saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 17,300,000 shares, a decline of 37.6% from the December 15th total of 27,720,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 10.5 days. Currently, 1.9% of the company's stock are short sold.
View BCE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our BCE earnings forecast.

BCE Inc. (NYSE:BCE) announced its quarterly earnings results on Thursday, November, 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The utilities provider had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.94 billion. BCE had a trailing twelve-month return on equity of 16.03% and a net margin of 11.85%. BCE's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS.

BCE announced a quarterly dividend on Thursday, February 2nd. Investors of record on Wednesday, March 15th will be paid a dividend of $0.713 per share on Saturday, April 15th. This represents a $2.85 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend is Tuesday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for BCE.

BCE (NYSE:BCE) pays an annual dividend of $2.70 per share and currently has a dividend yield of 5.87%. 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 116.88%. 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 106.72% 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, February, 2nd. The company provided earnings per share guidance of $2.32-$2.42 for the period, compared to the consensus earnings per share estimate of $2.60. The company issued revenue guidance of $18.18 billion-$18.90 billion, compared to the consensus revenue estimate of $18.50 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 a variety of institutional and retail investors. Top institutional investors include TD Asset Management Inc (1.19%), Toronto Dominion Bank (1.05%), DekaBank Deutsche Girozentrale (0.32%), Envestnet Asset Management Inc. (0.22%), Montrusco Bolton Investments Inc. (0.20%) and Capital Advisors Inc. OK (0.12%).

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 $45.59.

BCE (NYSE:BCE) has a market capitalization of $41.58 billion and generates $18.59 billion in revenue each year. The utilities provider earns $2.21 billion in net income (profit) each year or $2.31 on an earnings per share basis.

The company employs 49,781 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.