BCE (TSE:BCE – Get Rating) (NYSE:BCE) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 2nd. Analysts expect BCE to post earnings of C$0.70 per share for the quarter.
BCE (TSE:BCE – Get Rating) (NYSE:BCE) last posted its earnings results on Thursday, November 3rd. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. The firm had revenue of C$6.02 billion for the quarter, compared to the consensus estimate of C$5.99 billion.
BCE Price Performance
Shares of TSE:BCE opened at C$62.20 on Thursday. The company’s fifty day moving average price is C$61.96 and its 200-day moving average price is C$62.16. The firm has a market capitalization of C$56.72 billion and a price-to-earnings ratio of 20.13. BCE has a one year low of C$55.66 and a one year high of C$74.09. The company has a debt-to-equity ratio of 136.88, a current ratio of 0.60 and a quick ratio of 0.43.
BCE Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Monday, January 16th were given a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 14th. This represents a $3.68 annualized dividend and a yield of 5.92%. BCE’s payout ratio is currently 117.64%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on BCE shares. National Bankshares dropped their price target on shares of BCE from C$68.00 to C$66.00 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. National Bank Financial lowered shares of BCE from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, January 11th. JPMorgan Chase & Co. decreased their price objective on shares of BCE from C$70.00 to C$64.00 in a report on Tuesday, January 3rd. CIBC decreased their price objective on shares of BCE from C$68.00 to C$62.00 in a report on Wednesday, October 26th. Finally, Morgan Stanley increased their price target on shares of BCE to C$68.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 15th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$65.40.
BCE Company Profile
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.