BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of BCE in a research note issued on Thursday, November 7th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $2.89 per share for the year, down from their previous estimate of $2.98. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for BCE's current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for BCE's FY2025 earnings at $2.63 EPS.
Other equities analysts have also issued reports about the company. Cormark decreased their target price on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Barclays reduced their target price on BCE from C$46.00 to C$41.00 in a report on Monday. JPMorgan Chase & Co. lowered their price objective on shares of BCE from C$47.00 to C$41.00 in a research report on Friday. Scotiabank cut their price objective on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday, November 5th. Finally, TD Securities cut their price target on BCE from C$43.00 to C$39.00 in a report on Monday. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$45.36.
Read Our Latest Stock Analysis on BCE
BCE Stock Down 1.9 %
Shares of BCE stock traded down C$0.74 during trading on Monday, reaching C$38.75. 2,633,190 shares of the company were exchanged, compared to its average volume of 3,081,982. BCE has a twelve month low of C$37.81 and a twelve month high of C$56.18. The business's 50-day simple moving average is C$46.00. 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 stock has a market cap of C$35.35 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.
BCE Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.9975 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date is Monday, December 16th. BCE's payout ratio is presently 185.58%.
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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