BCE (BCE) to Release Earnings on Thursday

BCE (NYSE:BCEGet Free Report) (TSE:BCE) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect BCE to post earnings of $0.53 per share and revenue of $4.56 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

BCE Stock Up 1.5 %

Shares of BCE stock opened at $24.39 on Wednesday. BCE has a 1 year low of $21.87 and a 1 year high of $39.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market capitalization of $22.25 billion, a P/E ratio of 348.36, a price-to-earnings-growth ratio of 3.94 and a beta of 0.57. The business has a 50-day moving average of $24.26 and a two-hundred day moving average of $29.95.

BCE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a dividend of $0.737 per share. This is an increase from BCE’s previous quarterly dividend of $0.73. This represents a $2.95 annualized dividend and a yield of 12.09%. The ex-dividend date was Monday, December 16th. BCE’s dividend payout ratio (DPR) is 4,028.57%.

Analysts Set New Price Targets

BCE has been the subject of several research analyst reports. Edward Jones cut shares of BCE from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Canaccord Genuity Group reiterated a “hold” rating on shares of BCE in a report on Tuesday, November 5th. Barclays reissued an “underweight” rating on shares of BCE in a research note on Tuesday, January 21st. Bank of America cut BCE from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group lowered BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, BCE presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Check Out Our Latest Stock Analysis on BCE

About BCE

(Get Free Report)

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.

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Earnings History for BCE (NYSE:BCE)

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