BCE (TSE:BCE) Releases Quarterly Earnings Results

BCE (TSE:BCE) (NYSE:BCE) posted its quarterly earnings data on Friday. The company reported C$0.69 EPS for the quarter, FiscalAI reports. BCE had a return on equity of 31.99% and a net margin of 26.40%.

BCE Trading Down 0.3%

Shares of TSE BCE opened at C$35.46 on Friday. BCE has a 12 month low of C$28.73 and a 12 month high of C$36.59. The company has a market cap of C$33.07 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 4.67 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.58 and a debt-to-equity ratio of 179.16. The business has a fifty day simple moving average of C$34.36 and a 200-day simple moving average of C$33.33.

BCE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 15th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.9%. BCE’s payout ratio is 34.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays raised BCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Scotiabank dropped their price target on shares of BCE from C$40.25 to C$39.50 and set an “outperform” rating on the stock in a research report on Friday, February 6th. National Bank Financial upped their price target on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, February 6th. TD Securities raised their price objective on shares of BCE from C$38.00 to C$40.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, BMO Capital Markets raised shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price objective on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$38.05.

About BCE

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.