Shares of BCE Inc. (NYSE:BCE) (TSE:BCE) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $58.67.
Several equities analysts recently issued reports on the stock. BMO Capital Markets reissued an “average” rating and set a $62.00 price objective on shares of BCE in a report on Friday, April 5th. Barclays reissued an “average” rating and set a $66.00 price objective on shares of BCE in a report on Sunday, May 5th. Citigroup lowered shares of BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Desjardins lowered shares of BCE from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Argus raised shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Friday, March 8th.
BCE stock traded down $0.12 during trading on Friday, hitting $45.04. 510,600 shares of the company’s stock traded hands, compared to its average volume of 815,385. The firm has a market cap of $40.59 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 4.88 and a beta of 0.46. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. BCE has a 1 year low of $38.75 and a 1 year high of $45.65.
BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.75 billion. BCE had a net margin of 12.56% and a return on equity of 18.66%. BCE’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Analysts anticipate that BCE will post 2.62 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp acquired a new stake in shares of BCE during the first quarter worth $25,000. Sontag Advisory LLC acquired a new position in BCE during the fourth quarter valued at $30,000. Pennsylvania Trust Co acquired a new position in BCE during the first quarter valued at $396,000. Proficio Capital Partners LLC lifted its position in BCE by 145.0% during the fourth quarter. Proficio Capital Partners LLC now owns 990 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 586 shares during the period. Finally, Osborn Williams & Donohoe LLC acquired a new position in BCE during the first quarter valued at $45,000. 43.58% of the stock is currently owned by institutional investors and hedge funds.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
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