BCE (BCE) Projected to Post Quarterly Earnings on Thursday

BCE (NYSE:BCEGet Free Report) (TSE:BCE) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect BCE to post earnings of $0.53 per share and revenue of $4.56 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

BCE Price Performance

Shares of NYSE BCE opened at $23.72 on Thursday. The firm has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $30.21. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 338.89, a price-to-earnings-growth ratio of 3.83 and a beta of 0.56. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.26. BCE has a 52 week low of $21.87 and a 52 week high of $41.11.

BCE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a dividend of $0.737 per share. This is a boost from BCE’s previous quarterly dividend of $0.73. This represents a $2.95 annualized dividend and a yield of 12.43%. The ex-dividend date was Monday, December 16th. BCE’s dividend payout ratio (DPR) is presently 4,028.57%.

Wall Street Analyst Weigh In

BCE has been the subject of several recent analyst reports. Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group restated a “hold” rating on shares of BCE in a research report on Tuesday, November 5th. Barclays reiterated an “underweight” rating on shares of BCE in a research report on Tuesday, January 21st. Bank of America cut shares of BCE from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Edward Jones cut shares of BCE from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.00.

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About BCE

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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.

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Earnings History for BCE (NYSE:BCE)

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