BCE Inc. (TSE:BCE - Free Report) NYSE: BCE - Equities research analysts at Desjardins cut their FY2024 earnings per share estimates for shares of BCE in a report released on Thursday, November 7th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $2.94 for the year, down from their prior estimate of $2.97. Desjardins has a "Hold" rating and a $51.00 price target 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 $0.69 EPS and FY2025 earnings at $2.82 EPS.
Several other brokerages also recently issued reports on BCE. JPMorgan Chase & Co. decreased their target price on BCE from C$47.00 to C$41.00 in a research note on Friday. Barclays decreased their target price on shares of BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Scotiabank dropped their price objective on shares of BCE from C$50.50 to C$47.50 in a research note on Tuesday, November 5th. National Bankshares cut their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group decreased their price objective on shares of BCE from C$41.00 to C$37.50 in a research note on Friday. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$46.36.
Read Our Latest Report on BCE
Shares of TSE:BCE opened at C$39.49 on Monday. The company has a market capitalization of C$36.03 billion, a P/E ratio of 18.37, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 1-year low of C$37.81 and a 1-year high of C$56.18. The firm's 50 day simple moving average is C$46.00 and its two-hundred day simple moving average is C$45.88. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.9975 per share. This represents a $3.99 annualized dividend and a yield of 10.10%. The ex-dividend date is Monday, December 16th. BCE's payout ratio is 185.58%.
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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