FY2019 EPS Estimates for BCE Inc. Decreased by Analyst (BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at Cormark lowered their FY2019 EPS estimates for shares of BCE in a report issued on Friday, February 8th. Cormark analyst D. Mcfadgen now expects that the company will earn $3.52 per share for the year, down from their prior estimate of $3.60. Cormark also issued estimates for BCE’s FY2020 earnings at $3.68 EPS.

BCE has been the subject of a number of other research reports. Morgan Stanley raised their target price on shares of BCE from C$59.00 to C$60.00 in a research note on Thursday, November 29th. Barclays decreased their target price on shares of BCE from C$65.00 to C$62.00 in a research note on Friday, November 2nd. Desjardins raised shares of BCE from a “hold” rating to a “buy” rating and reduced their price target for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Royal Bank of Canada reduced their price target on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd. Finally, TD Securities reduced their price target on shares of BCE from C$57.00 to C$56.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$59.65.

Shares of TSE BCE opened at C$57.00 on Monday. BCE has a fifty-two week low of C$50.72 and a fifty-two week high of C$57.70. The company has a market cap of $51.49 billion and a price-to-earnings ratio of 18.39. The company has a quick ratio of 0.42, a current ratio of 0.56 and a debt-to-equity ratio of 117.96.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a dividend of $0.7925 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.17 annualized dividend and a dividend yield of 5.56%. This is an increase from BCE’s previous quarterly dividend of $0.76. BCE’s dividend payout ratio (DPR) is 102.29%.

In other news, Director Robert Simmonds purchased 2,200 shares of BCE stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of C$55.49 per share, with a total value of C$122,078.00. Also, insider Glen Leblanc sold 7,471 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of C$57.00, for a total transaction of C$425,847.00. Insiders have sold 85,821 shares of company stock valued at $4,779,285 in the last three months.

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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Earnings History and Estimates for BCE (TSE:BCE)

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