BCE FY2024 EPS Estimate Increased by National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – National Bank Financial lifted their FY2024 earnings estimates for shares of BCE in a research note issued on Wednesday, December 18th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $2.98 per share for the year, up from their prior forecast of $2.89. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

BCE has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on BCE from C$47.00 to C$41.00 in a report on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Scotiabank lowered their price objective on shares of BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. BMO Capital Markets increased their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Finally, National Bankshares lowered their price target on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BCE has a consensus rating of “Hold” and an average price target of C$43.38.

BCE Trading Down 0.0 %

Shares of BCE opened at C$33.28 on Friday. BCE has a 1-year low of C$32.95 and a 1-year high of C$56.18. The company has a market capitalization of C$30.36 billion, a P/E ratio of 15.48, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The firm’s 50 day simple moving average is C$39.90 and its 200 day simple moving average is C$44.02.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a $0.9975 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.99 annualized dividend and a yield of 11.99%. BCE’s dividend payout ratio (DPR) is presently 185.58%.

About BCE

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.