BCE (BCE) Updates FY18 Earnings Guidance
BCE (NYSE:BCE) (TSE:BCE) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $3.42-3.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.51. The company issued revenue guidance of +2-4% to ~$23.17-23.63, compared to the consensus revenue estimate of $23.31 billion.
A number of analysts have weighed in on the stock. Bank of America assumed coverage on shares of BCE in a report on Tuesday, November 21st. They set a buy rating and a $54.00 price objective on the stock. Morgan Stanley raised their price objective on shares of BCE from $60.00 to $62.00 and gave the stock an equal weight rating in a report on Friday, November 17th. Zacks Investment Research raised shares of BCE from a sell rating to a hold rating in a report on Thursday, November 9th. Desjardins cut shares of BCE from a buy rating to a hold rating in a report on Friday, January 12th. Finally, National Bank Financial raised shares of BCE from a sector perform rating to an outperform rating in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $55.80.
Shares of BCE (NYSE BCE) opened at $44.59 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.18. BCE has a 1-year low of $42.44 and a 1-year high of $49.06. The firm has a market cap of $40,537.66, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 4.64 and a beta of 0.29.
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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