BCE (BCE) to Release Earnings on Thursday

BCE (NYSE:BCE - Get Free Report) TSE: BCE is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $4.56 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

BCE Price Performance

Shares of NYSE BCE traded up $0.30 during mid-day trading on Thursday, reaching $24.00. The company's stock had a trading volume of 982,467 shares, compared to its average volume of 3,224,156. BCE has a 1-year low of $21.87 and a 1-year high of $40.99. The stock has a market capitalization of $21.89 billion, a P/E ratio of 343.04, a P/E/G ratio of 3.83 and a beta of 0.56. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.60 and a current ratio of 0.62. The stock has a 50-day moving average of $24.44 and a two-hundred day moving average of $30.17.

BCE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were given a $0.737 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.95 dividend on an annualized basis and a yield of 12.29%. This is a boost from BCE's previous quarterly dividend of $0.73. BCE's dividend payout ratio is presently 4,028.57%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BCE. Barclays restated an "underweight" rating on shares of BCE in a report on Tuesday, January 21st. Bank of America cut BCE from a "neutral" rating to an "underperform" rating in a research report on Tuesday, January 14th. Morgan Stanley initiated coverage on BCE in a research note on Monday, December 16th. They set an "underweight" rating on the stock. Canaccord Genuity Group cut BCE from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Edward Jones downgraded shares of BCE from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BCE currently has a consensus rating of "Hold" and a consensus price target of $45.00.

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.