BCE (BCE) Announces Quarterly Earnings Results, Hits Estimates
BCE (NYSE:BCE) posted its quarterly earnings results on Thursday. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70, StockRatingsNetwork reports. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.41 billion.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of BCE in a research note to investors on Thursday, December 19th. They now have a $45.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.50.
Shares of BCE (NYSE:BCE) opened at 40.94 on Thursday. BCE has a 52 week low of $38.72 and a 52 week high of $48.06. The stock’s 50-day moving average is $42. and its 200-day moving average is $42.56. The company has a market cap of $31.765 billion and a P/E ratio of 13.51.
BCE Inc is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.