BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Analysts at Desjardins dropped their Q3 2024 earnings estimates for shares of BCE in a report issued on Tuesday, November 5th. Desjardins analyst J. Dubreuil now expects that the company will post earnings per share of $0.77 for the quarter, down from their previous forecast of $0.80. Desjardins has a "Hold" rating and a $51.00 price objective on the stock. The consensus estimate for BCE's current full-year earnings is $3.11 per share. Desjardins also issued estimates for BCE's Q4 2024 earnings at $0.70 EPS, FY2024 earnings at $2.97 EPS and FY2025 earnings at $2.92 EPS.
Several other analysts have also weighed in on the stock. Scotiabank decreased their target price on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday. Royal Bank of Canada decreased their price target on BCE from C$52.00 to C$47.00 in a research note on Tuesday. Cormark dropped their price objective on BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. BMO Capital Markets lifted their price objective on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Finally, TD Securities lowered their target price on shares of BCE from C$50.00 to C$43.00 in a report on Tuesday. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, BCE presently has an average rating of "Hold" and an average target price of C$47.23.
View Our Latest Report on BCE
BCE Stock Performance
Shares of TSE BCE traded down C$1.12 during trading hours on Thursday, reaching C$38.94. The stock had a trading volume of 9,774,170 shares, compared to its average volume of 3,069,372. The company has a market cap of C$35.52 billion, a price-to-earnings ratio of 18.01, a PEG 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 business's fifty day moving average is C$46.32 and its two-hundred day moving average is C$45.95. BCE has a twelve month low of C$37.81 and a twelve month high of C$56.18.
BCE Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.9975 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 10.25%. BCE's payout ratio is 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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