BCE Inc. (BCE) Stock Price Down 0.3%
BCE Inc. (NYSE:BCE)’s share price was down 0.3% on Friday . The company traded as low as $47.08 and last traded at $47.24, with a volume of 356,972 shares trading hands. The stock had previously closed at $47.37.
A number of equities analysts recently weighed in on BCE shares. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, April 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price target on shares of BCE in a research report on Sunday, May 1st. Canaccord Genuity reiterated a “buy” rating on shares of BCE in a research report on Tuesday, March 29th. Citigroup Inc. downgraded BCE from a “buy” rating to a “neutral” rating in a research note 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 stock from $59.00 to $60.00 in a research note on Friday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.67.
The firm has a 50 day moving average price of $46.62 and a 200-day moving average price of $43.96. The stock has a market capitalization of $40.78 billion and a P/E ratio of 19.31.
BCE (NYSE:BCE) last released its earnings results on Thursday, April 28th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.33 billion. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, analysts anticipate 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. Investors of record on Wednesday, June 15th will be paid a dividend of $0.5383 per share. The ex-dividend date of this dividend is Monday, June 13th. This is a boost from BCE’s previous quarterly dividend of $0.49. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.59%.
Several large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of BCE by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 58,854 shares of the company’s stock worth $2,273,000 after buying an additional 525 shares during the period. Stephens Inc. AR boosted its stake in shares of BCE by 4.6% in the fourth quarter. Stephens Inc. AR now owns 166,119 shares of the company’s stock worth $6,416,000 after buying an additional 7,302 shares during the period. Trexquant Investment LP bought a new stake in shares of BCE during the fourth quarter worth approximately $1,449,000. Advisors Asset Management Inc. boosted its stake in shares of BCE by 35.4% in the fourth quarter. Advisors Asset Management Inc. now owns 37,999 shares of the company’s stock worth $1,468,000 after buying an additional 9,938 shares during the period. Finally, Lipe & Dalton boosted its stake in shares of BCE by 3.3% in the fourth quarter. Lipe & Dalton now owns 41,240 shares of the company’s stock worth $1,593,000 after buying an additional 1,300 shares during the period.
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.