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NYSE:BCE

BCE (BCE) Stock Price, News & Analysis

$35.75
-0.20 (-0.56%)
(As of 09/6/2024 ET)
Today's Range
$35.60
$36.12
50-Day Range
$31.33
$35.96
52-Week Range
$31.13
$41.77
Volume
1.35 million shs
Average Volume
2.24 million shs
Market Capitalization
$32.61 billion
P/E Ratio
24.83
Dividend Yield
8.08%
Price Target
$45.33

BCE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.8% Upside
$45.33 Price Target
Short Interest
Bearish
4.69% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of BCE in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.91%
From $2.20 to $2.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.94 out of 5 stars

Utilities Sector

67th out of 93 stocks

Telephone Communication, Except Radio Industry

13th out of 21 stocks

BCE stock logo

About BCE Stock (NYSE: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. This segment also buys and sells local telephone, long distance, and data and other services from or to resellers and other carriers; and operates consumer electronics retail stores. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

BCE Stock Price History

BCE Stock News Headlines

Is BCE’s 8.5% Dividend Yield Safe?
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According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
Kamala’s Dirty Election Move… Revealed
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Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2024
Dividend Payable
7/15/2024
Last Earnings
8/01/2024
Today
9/07/2024
Ex-Dividend for 10/15 Dividend
9/16/2024
Dividend Payable
10/15/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Telephone communication, except radio
Sub-Industry
N/A
Employees
45,132
Year Founded
1880

Price Target and Rating

Average Stock Price Target
$45.33
High Stock Price Target
$54.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+26.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$1.68 billion
Pretax Margin
12.43%

Debt

Sales & Book Value

Annual Sales
$24.57 billion
Cash Flow
$6.72 per share
Book Value
$13.18 per share

Miscellaneous

Free Float
910,915,000
Market Cap
$32.61 billion
Optionable
Optionable
Beta
0.58
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Key Executives

  • Mr. Mirko Bibic (Age 56)
    CEO, President & Director
    Comp: $3.31M
  • Mr. Curtis Millen
    Executive VP & CFO
  • Mr. Stephen Guy Howe
    Chief Technology & Information Officer
  • Mr. John Watson (Age 60)
    Group President of Business Markets, Customer Experience & AI
    Comp: $1.29M
  • Thane Fotopoulos
    Vice President of Investor Relations
  • Mr. Robert Malcolmson
    Executive VP and Chief Legal & Regulatory Officer
  • Ms. Nikki Moffat
    Chief Human Resources Officer & Executive VP of Corporate Services
  • Mr. Blaik Kirby
    Group President of Consumer, Small & Medium Business (SMB)
  • Ms. Karine Moses
    SVP of Small and Medium Business and Internet Companies Group & Vice Chair of Quebec
  • Ms. Devorah Lithwick
    Senior Vice President & Chief Brand Officer

Should I Buy BCE Stock? BCE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in BCE Inc.:

  • BCE reported a higher-than-expected EPS of $0.78 for the quarter, surpassing analysts' consensus estimates by $0.19. This indicates strong financial performance and potential growth.
  • The company has a return on equity of 16.88%, showcasing its ability to generate profit from shareholders' equity, which is a positive indicator for investors.
  • Institutional investors have been increasing their stakes in BCE, with notable firms like Maryland State Retirement & Pension System and AE Wealth Management LLC boosting their holdings. This confidence from institutional investors can signal a promising outlook for the company.
  • BCE's dividend yield is at 8.50%, offering investors a steady income stream through dividends. Despite recent dividend cuts, the yield remains attractive for income-oriented investors.
  • Analysts predict BCE will post an EPS of 2.22 for the current fiscal year, indicating potential earnings growth and stability in the company's financial performance.

Cons

Investors should be bearish about investing in BCE Inc. for these reasons:

  • BCE's revenue for the quarter was slightly below analysts' expectations, coming in at $4.39 billion compared to the consensus estimate of $4.46 billion. This could indicate potential challenges in revenue generation or market competition.
  • The company's payout ratio is currently at 200.69%, which suggests that BCE is paying out more in dividends than it is earning. This high ratio may raise concerns about the sustainability of the dividend payments.
  • Despite institutional investors increasing their stakes, there have been recent dividend cuts by BCE, which could impact investor sentiment and raise questions about the company's financial health and future prospects.
  • BCE's net margin of 8.39% indicates a moderate level of profitability, which may be a concern for investors seeking companies with higher profit margins for potential returns.
  • While BCE has shown positive financial metrics, the stock price performance should be carefully evaluated by investors to assess the potential for capital appreciation and overall investment returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these BCE pros and cons to contact@marketbeat.com.

BCE Stock Analysis - Frequently Asked Questions

How have BCE shares performed this year?

BCE's stock was trading at $39.38 at the start of the year. Since then, BCE stock has decreased by 9.2% and is now trading at $35.75.
View the best growth stocks for 2024 here
.

How were BCE's earnings last quarter?

BCE Inc. (NYSE:BCE) posted its quarterly earnings results on Thursday, August, 1st. The utilities provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.19. The utilities provider had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.46 billion. BCE had a trailing twelve-month return on equity of 17.10% and a net margin of 8.39%.

What is Mirko Bibic's approval rating as BCE's CEO?

84 employees have rated BCE Chief Executive Officer Mirko Bibic on Glassdoor.com. Mirko Bibic has an approval rating of 87% among the company's employees.

Does BCE have any subsidiaries?

The following companies are subsidiaries of BCE: Environics Analytics, Axia NetMedia, Alarm Force Industries, MTS, Cieslok Media Ltd., Q9 Networks, Corus, and more.

Who are BCE's major shareholders?

BCE's top institutional investors include TD Asset Management Inc (1.19%), Toronto Dominion Bank (0.93%), CIBC Asset Management Inc (0.61%) and The Manufacturers Life Insurance Company (0.56%).

How do I buy shares of BCE?

Shares of BCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BCE own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BCE investors own include AT&T (T), Verizon Communications (VZ), Pfizer (PFE), AbbVie (ABBV), Enbridge (ENB), Johnson & Johnson (JNJ) and CVS Health (CVS).

This page (NYSE:BCE) was last updated on 9/7/2024 by MarketBeat.com Staff

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