BCE Inc. (BCE) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of BCE Inc. (NYSE:BCE) (TSE:BCE) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $57.00.

Several research firms have commented on BCE. Zacks Investment Research downgraded shares of BCE from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. ValuEngine downgraded shares of BCE from a “hold” rating to a “sell” rating in a research note on Friday, June 1st.

BCE traded up $0.19, reaching $42.17, on Friday, according to Marketbeat. The stock had a trading volume of 519,721 shares, compared to its average volume of 916,426. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 4.50 and a beta of 0.31. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.19. BCE has a 12-month low of $40.19 and a 12-month high of $49.06.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.62 billion. BCE had a return on equity of 19.24% and a net margin of 12.06%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. analysts anticipate that BCE will post 2.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Sunday, July 15th. Investors of record on Friday, June 15th were paid a dividend of $0.5893 per share. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.59%. BCE’s payout ratio is currently 87.40%.

Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC grew its stake in shares of BCE by 171.5% during the second quarter. Cerebellum GP LLC now owns 4,268 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 2,696 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of BCE during the fourth quarter worth $220,000. Private Vista LLC acquired a new position in shares of BCE during the first quarter worth $226,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of BCE during the first quarter worth $359,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of BCE by 81.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 12,720 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 5,707 shares in the last quarter. Hedge funds and other institutional investors own 43.69% of the company’s stock.

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 integrated digital wireless voice and data communications products and services.

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Analyst Recommendations for BCE (NYSE:BCE)

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