BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) – Investment analysts at Scotiabank issued their FY2027 earnings per share estimates for shares of BCE in a report issued on Thursday, September 17th. Scotiabank analyst M. Yaghi forecasts that the utilities provider will post earnings per share of $1.91 for the year. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $1.93 per share.
Several other research analysts have also commented on the stock. TD Securities reiterated a “buy” rating on shares of BCE in a research note on Tuesday. Bank of America upgraded shares of BCE from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $24.50 to $27.00 in a research note on Tuesday, August 11th. Weiss Ratings downgraded BCE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BCE in a report on Friday, July 10th. Finally, Raymond James Financial initiated coverage on BCE in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BCE presently has an average rating of “Moderate Buy” and an average target price of $29.25.
BCE Stock Performance
Shares of BCE stock opened at $22.29 on Friday. The company has a market capitalization of $20.79 billion, a PE ratio of 4.56, a P/E/G ratio of 5.84 and a beta of 0.52. The company has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $23.69. BCE has a one year low of $20.87 and a one year high of $26.52. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.69 and a current ratio of 0.73.
BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. BCE had a return on equity of 12.90% and a net margin of 25.49%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS.
Institutional Trading of BCE
Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its holdings in shares of BCE by 66.0% in the second quarter. Engineers Gate Manager LP now owns 22,108 shares of the utilities provider’s stock valued at $476,000 after purchasing an additional 8,791 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of BCE by 17.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 28,909 shares of the utilities provider’s stock valued at $622,000 after purchasing an additional 4,246 shares during the last quarter. IFP Advisors Inc grew its stake in shares of BCE by 99.3% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 1,363 shares in the last quarter. Nykredit A S acquired a new position in shares of BCE during the 2nd quarter worth about $2,139,000. Finally, Allianz Asset Management GmbH lifted its stake in BCE by 3,721.3% during the second quarter. Allianz Asset Management GmbH now owns 782,149 shares of the utilities provider’s stock worth $16,842,000 after purchasing an additional 761,681 shares during the last quarter. Institutional investors and hedge funds own 41.46% of the company’s stock.
BCE Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.75 annualized dividend and a yield of 7.8%. BCE’s dividend payout ratio (DPR) is 25.77%.
BCE Company Profile
BCE Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Through its Bell operations, the company provides wireless and wireline telecommunications services, including mobile voice and data plans, high-speed internet, telephone services, and business communications solutions.
BCE also offers television services, including conventional, satellite, and internet-based television, as well as digital content and streaming products. Its media operations include television networks, specialty channels, digital media properties, and sports and news programming.
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