BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at Desjardins raised their Q1 2017 earnings per share estimates for BCE in a report issued on Thursday. Desjardins analyst M. Yaghi now expects that the brokerage will post earnings of $0.90 per share for the quarter, up from their prior estimate of $0.87. Desjardins has a “Buy” rating and a $65.00 price objective on the stock. Desjardins also issued estimates for BCE’s Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $0.81 EPS, Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $3.29 EPS and FY2018 earnings at $3.43 EPS.

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Earnings History and Estimates for BCE (TSE:BCE)

Several other analysts also recently weighed in on BCE. Canaccord Genuity dropped their target price on shares of BCE from C$64.00 to C$60.00 in a research report on Friday, February 3rd. National Bank Financial dropped their target price on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a research report on Friday, February 3rd. TD Securities downgraded shares of BCE from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$64.00 to C$59.00 in a research report on Thursday. J P Morgan Chase & Co dropped their target price on shares of BCE from C$66.00 to C$64.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Finally, Royal Bank Of Canada downgraded shares of BCE from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$61.00 to C$60.00 in a research report on Monday, January 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$61.42.

BCE (TSE:BCE) opened at 58.60 on Friday. BCE has a 1-year low of $56.69 and a 1-year high of $63.41. The stock has a market capitalization of $51.02 billion and a PE ratio of 17.60. The company’s 50-day moving average is $58.30 and its 200 day moving average is $59.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Wednesday, March 15th will be issued a $0.7175 dividend. This is an increase from BCE’s previous quarterly dividend of $0.68. This represents a $2.87 annualized dividend and a dividend yield of 4.90%.

In other news, Director George Cope sold 16,488 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of C$58.14, for a total value of C$958,612.32.

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BCE Company Profile

BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.

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