Somewhat Favorable Press Coverage Somewhat Unlikely to Affect BCE (NYSE:BCE) Stock Price
News articles about BCE (NYSE:BCE) (TSE:BCE) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BCE earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 49.3377622505348 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Corporate News Blog – GroupM’s Brian Lesser Moves to AT&T as CEO of New Advertising & Analytics Business (finance.yahoo.com)
- BCE, Inc. :BCE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- BCE Inc (BCE) MFI Reading Under the Microscope – FLBC News (flbcnews.com)
- BCE, Inc. (NYSE:BCE) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- RRSP Investors: Are These 2 Top Canadian Dividend Stocks On Sale? (fool.ca)
BCE has been the subject of a number of analyst reports. Barclays PLC raised their price target on BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. BidaskClub upgraded BCE from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, June 29th. Canaccord Genuity set a $60.00 price target on BCE and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Finally, Argus initiated coverage on BCE in a research report on Tuesday, July 18th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE currently has an average rating of “Buy” and an average target price of $57.17.
BCE (BCE) traded down 0.73% during mid-day trading on Wednesday, reaching $46.51. The company’s stock had a trading volume of 824,223 shares. The firm’s 50 day moving average price is $45.73 and its 200 day moving average price is $44.87. BCE has a 12-month low of $41.83 and a 12-month high of $49.03. The stock has a market cap of $41.84 billion, a price-to-earnings ratio of 17.81 and a beta of 0.36.
BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. BCE had a return on equity of 21.08% and a net margin of 12.85%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company posted $0.94 EPS. BCE’s revenue was up 6.7% on a year-over-year basis. On average, equities analysts predict that BCE will post $2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.575 per share. This is an increase from BCE’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.30 annualized dividend and a yield of 4.95%. BCE’s dividend payout ratio is 87.30%.
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BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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