BCE (BCE) Set to Announce Earnings on Thursday

BCE (TSE:BCE) (NYSE:BCE) will announce its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.82 per share for the quarter.

BCE Trading Down 9.7 %

Shares of TSE BCE opened at C$40.47 on Tuesday. BCE has a twelve month low of C$40.06 and a twelve month high of C$56.18. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The firm has a 50-day simple moving average of C$46.60. The firm has a market cap of C$36.92 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 9.86%. The ex-dividend date was Monday, September 16th. BCE’s dividend payout ratio is presently 185.58%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays dropped their price target on BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. TD Securities cut their target price on BCE from C$51.00 to C$50.00 and set a “hold” rating on the stock in a research report on Wednesday, October 2nd. Cormark reduced their target price on BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. Desjardins lifted their price target on BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of BCE from C$53.00 to C$52.00 in a research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, BCE presently has a consensus rating of “Hold” and a consensus price target of C$50.36.

BCE Company Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.