BCE - BCE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BCE shares.
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6 brokers have issued 12 month price objectives for BCE's shares. Their BCE share price forecasts range from $48.00 to $70.00. On average, they anticipate the company's stock price to reach $64.18 in the next year. This suggests a possible upside of 35.8% from the stock's current price.
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BCE's stock was trading at $52.04 on January 1st, 2022. Since then, BCE stock has decreased by 9.2% and is now trading at $47.27.
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BCE saw a increase in short interest in November. As of November 15th, there was short interest totaling 13,690,000 shares, an increase of 5.6% from the October 31st total of 12,960,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is presently 9.3 days. Approximately 1.5% of the shares of the stock are sold short.
View BCE's Short Interest.

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

BCE Inc. (NYSE:BCE) released its earnings results on Thursday, November, 3rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The utilities provider earned $4.62 billion during the quarter, compared to analyst estimates of $4.50 billion. BCE had a net margin of 12.14% and a trailing twelve-month return on equity of 16.10%.

BCE announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.675 per share on Monday, January 16th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for BCE.

BCE (NYSE:BCE) pays an annual dividend of $2.79 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 dividend payout ratio is 114.81%. 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 107.31% 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 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $2.50-$2.62 for the period, compared to the consensus EPS estimate of $2.49. The company issued revenue guidance of $18.16 billion-$18.88 billion, compared to the consensus revenue estimate of $17.71 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 investors include Vanguard Group Inc. (1.45%), Caisse DE Depot ET Placement DU Quebec (1.37%), TD Asset Management Inc. (1.22%), Toronto Dominion Bank (1.12%), Mackenzie Financial Corp (0.74%) and National Bank of Canada FI (0.69%).

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 $47.27.

BCE (NYSE:BCE) has a market capitalization of $43.11 billion and generates $18.71 billion in revenue each year. The utilities provider earns $2.27 billion in net income (profit) each year or $2.43 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.