BCE (BCE) Set to Announce Quarterly Earnings on Thursday

BCE (TSE:BCE) (NYSE:BCE) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.82 per share for the quarter.

BCE Trading Down 1.4 %

BCE stock opened at C$39.92 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. BCE has a 12-month low of C$39.69 and a 12-month high of C$56.18. The stock has a market cap of C$36.42 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.67 and a beta of 0.48. The business’s 50-day moving average is C$46.46 and its 200 day moving average is C$45.99.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.998 dividend. This represents a $3.99 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend was Monday, September 16th. BCE’s payout ratio is 185.58%.

Analyst Ratings Changes

Several research firms recently issued reports on BCE. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Desjardins boosted their target price on BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. TD Securities lowered their target price on BCE from C$50.00 to C$43.00 in a report on Tuesday. Royal Bank of Canada lowered their target price on BCE from C$52.00 to C$47.00 in a report on Tuesday. Finally, National Bankshares lowered their target price on BCE from C$48.00 to C$42.00 in a report on Tuesday. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$47.23.

About 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.