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.

BCE Stock Down 0.4 %

TSE:BCE traded down C$0.24 during trading hours on Monday, hitting C$63.48. 635,481 shares of the company were exchanged, compared to its average volume of 3,333,548. The company has a 50 day moving average of C$64.46 and a two-hundred day moving average of C$67.23. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 125.96. BCE has a 52-week low of C$61.42 and a 52-week high of C$74.09. The firm has a market cap of C$57.89 billion and a price-to-earnings ratio of 19.67.

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 business had revenue of C$5.86 billion during the quarter, compared to analysts' expectations of C$5.85 billion. Equities research analysts anticipate that BCE will post 3.59 earnings per share for the current year.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 15th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 5.80%. The ex-dividend date is Wednesday, September 14th. BCE's payout ratio is currently 109.41%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group lowered BCE to a "hold" rating and set a C$71.00 price target on the stock. in a report on Tuesday, April 26th. TD Securities raised their price target on BCE from C$65.00 to C$67.00 and gave the company a "hold" rating in a research note on Friday. Cormark cut their target price on BCE from C$72.00 to C$67.00 in a research note on Friday. Royal Bank of Canada cut their target price on BCE from C$70.00 to C$68.00 in a research note on Tuesday, July 12th. Finally, Scotiabank lifted their target price on BCE from C$68.00 to C$68.50 in a research note on Friday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$68.54.