BCE Inc. (BCE) Shares Down 0.3%
BCE Inc. (NYSE:BCE) shares fell 0.3% during trading on Friday . The company traded as low as $47.08 and last traded at $47.24, with a volume of 356,972 shares changing hands. The stock had previously closed at $47.37.
A number of research firms have recently commented on BCE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price objective on shares of BCE in a report on Thursday, June 9th. Canaccord Genuity reiterated a “buy” rating on shares of BCE in a report on Thursday, April 28th. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, April 19th. Citigroup Inc. downgraded BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 26th. Finally, Scotiabank downgraded BCE from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $59.00 to $60.00 in a report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. BCE currently has a consensus rating of “Hold” and a consensus target price of $52.67.
The company has a market capitalization of $40.78 billion and a P/E ratio of 19.16. The firm has a 50 day moving average price of $46.59 and a 200-day moving average price of $43.90.
BCE (NYSE:BCE) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. During the same quarter in the prior year, the firm earned $0.84 EPS. The company had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.33 billion. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that BCE Inc. will post $3.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.5383 per share. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Monday, June 13th. This is an increase from BCE’s previous quarterly dividend of $0.49.
Several hedge funds and institutional investors recently modified their holdings of BCE. State of Wisconsin Investment Board boosted its position in shares of BCE by 44.6% in the fourth quarter. State of Wisconsin Investment Board now owns 465,896 shares of the company’s stock worth $17,930,000 after buying an additional 143,700 shares in the last quarter. Morgan Stanley boosted its position in shares of BCE by 2.2% in the fourth quarter. Morgan Stanley now owns 2,922,854 shares of the company’s stock worth $112,881,000 after buying an additional 63,256 shares in the last quarter. Oxford Asset Management bought a new position in shares of BCE during the fourth quarter worth approximately $2,383,000. Trexquant Investment LP bought a new position in shares of BCE during the fourth quarter worth approximately $1,449,000. Finally, Sei Investments Co. boosted its position in shares of BCE by 91.6% in the fourth quarter. Sei Investments Co. now owns 63,158 shares of the company’s stock worth $2,439,000 after buying an additional 30,191 shares in the last quarter.
BCE Inc is a communications company. The Company provides residential, business and wholesale customers with a range of solutions to all their communications needs, including wireless, high-speed Internet, Internet protocol television (IPTV) and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.