Equities Analysts Offer Predictions for BCE FY2025 Earnings

BCE Inc. (NYSE:BCE - Free Report) TSE: BCE - Equities research analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for BCE in a research report issued to clients and investors on Monday, November 4th. National Bank Financial analyst A. Shine now forecasts that the utilities provider will earn $2.09 per share for the year, down from their prior forecast of $2.23. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for BCE's current full-year earnings is $2.20 per share.

A number of other research firms have also recently commented on BCE. Barclays decreased their price objective on BCE from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 9th. Canaccord Genuity Group restated a "hold" rating on shares of BCE in a research note on Tuesday. Cibc World Mkts upgraded BCE from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 2nd. Edward Jones cut BCE from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Canaccord Genuity Group cut BCE from a "buy" rating to a "hold" rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $46.33.

BCE Trading Down 0.3 %

BCE traded down $0.10 during trading hours on Wednesday, reaching $28.74. The company's stock had a trading volume of 5,657,466 shares, compared to its average volume of 2,255,912. BCE has a fifty-two week low of $28.26 and a fifty-two week high of $41.77. The stock has a market cap of $26.22 billion, a PE ratio of 18.08, a P/E/G ratio of 5.36 and a beta of 0.59. The business's 50-day moving average is $33.87 and its 200-day moving average is $33.64. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.65 and a quick ratio of 0.62.

Institutional Trading of BCE

Hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC acquired a new stake in shares of BCE in the first quarter valued at $31,000. Massmutual Trust Co. FSB ADV increased its holdings in BCE by 3,480.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,074 shares of the utilities provider's stock valued at $35,000 after buying an additional 1,044 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in BCE by 121.2% in the third quarter. Hexagon Capital Partners LLC now owns 1,232 shares of the utilities provider's stock valued at $43,000 after buying an additional 675 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in BCE by 60.0% in the second quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider's stock valued at $52,000 after buying an additional 600 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in BCE by 321.0% in the third quarter. Bruce G. Allen Investments LLC now owns 1,663 shares of the utilities provider's stock valued at $58,000 after buying an additional 1,268 shares during the last quarter. 41.46% of the stock is currently owned by institutional investors and hedge funds.

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.