BCE - BCE Stock Forecast, Price & News

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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BCE. Barclays raised their price objective on shares of BCE from C$63.00 to C$66.00 in a report on Friday, August 5th. TD Securities raised their price objective on shares of BCE from C$65.00 to C$67.00 and gave the stock a "hold" rating in a report on Friday, August 5th. UBS Group raised their price objective on shares of BCE from C$63.00 to C$69.00 and gave the stock a "na" rating in a report on Friday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of BCE from C$68.00 to C$70.00 in a report on Friday, May 6th. Finally, Scotiabank lifted their target price on shares of BCE from C$68.00 to C$68.50 in a research note on Friday, August 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$68.54.

BCE Price Performance

BCE Stock opened at C$64.02 on Wednesday. The firm has a 50 day moving average of C$64.26 and a 200-day moving average of C$67.19. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 125.96. BCE has a 12 month low of C$61.42 and a 12 month high of C$74.09. The firm has a market capitalization of C$58.38 billion and a P/E ratio of 19.76.

BCE (TSE:BCE - Get Rating) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 4th. The company reported C$0.87 EPS for the quarter, beating analysts' consensus estimates of C$0.83 by C$0.04. The firm had revenue of C$5.86 billion during the quarter, compared to the consensus estimate of C$5.85 billion. As a group, sell-side analysts predict that BCE will post 3.59 earnings per share for the current fiscal year.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Thursday, September 15th will be given a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.75%. BCE's dividend payout ratio (DPR) is currently 110.80%.