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CGC   7.39 (+13.87%)
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TSE:BCE

BCE (BCE) Stock Price, News & Analysis

C$44.36
-0.06 (-0.14%)
(As of 10:47 AM ET)
Today's Range
C$44.16
C$44.53
50-Day Range
C$44.23
C$51.23
52-Week Range
C$43.96
C$65.66
Volume
327,767 shs
Average Volume
2.95 million shs
Market Capitalization
C$40.47 billion
P/E Ratio
19.46
Dividend Yield
8.99%
Price Target
C$53.63

BCE MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
21.1% Upside
C$53.63 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.20mentions of BCE in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.59 out of 5 stars

BCE stock logo

About BCE Stock (TSE:BCE)

BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers. This segment also buys and sells local telephone, long distance, and data and other services from or to resellers and other carriers; and operates consumer electronics retail stores. 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 Price History

BCE Stock News Headlines

BCE (TSE:BCE) Given New C$53.25 Price Target at Scotiabank
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BCE (TSE:BCE) Given New C$48.00 Price Target at Barclays
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 4/15 Dividend
3/14/2024
Dividend Payable
4/15/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/02/2024

Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
45,132
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$53.63
High Stock Price Target
C$68.00
Low Stock Price Target
C$46.00
Potential Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
C$2.08 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$24.67 billion
Cash Flow
C$0.56 per share
Book Value
C$18.16 per share

Miscellaneous

Free Float
N/A
Market Cap
C$40.52 billion
Optionable
Not Optionable
Beta
0.44
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Key Executives

  • Mr. John Watson (Age 60)
    Group President of Business Markets, Customer Experience & AI
    Comp: $1.77M
  • Mr. Blaik Kirby
    Group President of Consumer, Small & Medium Business (SMB)
  • Mr. Curtis Millen
    Executive VP & CFO
  • Mr. Stephen Guy Howe
    Chief Technology & Information Officer
  • Thane Fotopoulos
    Vice President of Investor Relations
  • Mr. Robert Malcolmson
    Executive VP and Chief Legal & Regulatory Officer
  • Ms. Nikki Moffat
    Chief Human Resources Officer & Executive VP of Corporate Services
  • Ms. Karine Moses
    Senior VP of Content Development & News and Vice Chair of Québec
  • Ms. Devorah Lithwick
    Senior Vice President & Chief Brand Officer
  • Thierry Chaumont
    Senior VP of Tax & Controller

Should I Buy BCE Stock? BCE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in BCE Inc.:

  • BCE Inc. has a consistent track record of paying dividends, making it an attractive option for income-seeking investors. The recent increase in dividend payout indicates financial stability and commitment to shareholders.
  • Despite reaching a new 1-year low, BCE Inc.'s stock price presents a potential buying opportunity for investors looking to enter at a lower price point, especially considering the company's historical performance.
  • The company's diverse range of services, including wireless, wireline, Internet, and television services, provides a resilient revenue stream that can withstand market fluctuations and economic downturns.
  • BCE Inc.'s strong presence in the Canadian market, with a focus on both residential and business customers, offers stability and growth potential in a relatively stable industry like telecom services.
  • Analysts' consensus price target of C$55.65 suggests potential upside for investors, indicating that BCE Inc. may be undervalued at its current price levels.

Cons

Investors should be bearish about investing in BCE Inc. for these reasons:

  • BCE Inc.'s debt-to-equity ratio of 175.98 is significantly high, indicating a heavy reliance on debt financing which can pose risks during economic downturns or rising interest rates.
  • The company's current ratio of 0.65 and quick ratio of 0.43 suggest potential liquidity challenges, raising concerns about BCE Inc.'s ability to meet short-term financial obligations.
  • With a PE ratio of 20.13 and a price-to-earnings-growth ratio of 1.90, BCE Inc. may be considered relatively overvalued compared to industry peers, potentially limiting immediate capital appreciation for investors.
  • Recent downgrades by several equity analysts, along with a neutral consensus rating, indicate a lack of strong growth catalysts or positive sentiment surrounding BCE Inc.'s stock in the near term.
  • The company's beta of 0.47 suggests lower volatility compared to the market average, which may not appeal to investors seeking higher-risk, higher-reward opportunities in their portfolios.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these BCE pros and cons to contact@marketbeat.com.

BCE Stock Analysis - Frequently Asked Questions

Should I buy or sell BCE stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View BCE analyst ratings
or view top-rated stocks.

What is BCE's stock price target for 2024?

10 brokerages have issued twelve-month price objectives for BCE's stock. Their BCE share price targets range from C$46.00 to C$68.00. On average, they anticipate the company's stock price to reach C$53.63 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for BCE
or view top-rated stocks among Wall Street analysts.

How have BCE shares performed in 2024?

BCE's stock was trading at C$52.17 at the start of the year. Since then, BCE shares have decreased by 15.1% and is now trading at C$44.30.
View the best growth stocks for 2024 here
.

When is BCE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our BCE earnings forecast
.

How were BCE's earnings last quarter?

BCE Inc. (TSE:BCE) released its earnings results on Thursday, February, 8th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm earned $6.47 billion during the quarter, compared to analysts' expectations of $6.48 billion. BCE had a trailing twelve-month return on equity of 10.81% and a net margin of 9.17%.

How often does BCE pay dividends? What is the dividend yield for BCE?

BCE announced a quarterly dividend on Thursday, March 14th. Investors of record on Monday, April 15th will be paid a dividend of 0.998 per share on Monday, April 15th. This represents a $3.99 annualized dividend and a yield of 9.01%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.97.
Read our dividend analysis for BCE
.

Is BCE a good dividend stock?

BCE (TSE:BCE) pays an annual dividend of C$3.99 per share and currently has a dividend yield of 9.02%. BCE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BCE.

What other stocks do shareholders of BCE own?
How do I buy shares of BCE?

Shares of BCE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BCE) was last updated on 4/18/2024 by MarketBeat.com Staff

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