BCE (BCE) Announces Quarterly Earnings, Misses Estimates By $0.02 EPS
BCE (TSE:BCE) posted its quarterly earnings results on Friday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02, Analyst Ratings.Net reports.
Shares of BCE (TSE:BCE) opened at 48.57 on Friday. BCE has a one year low of $41.28 and a one year high of $51.09. The stock has a 50-day moving average of $48.83 and a 200-day moving average of $48.39. The company has a market cap of $37.754 billion and a price-to-earnings ratio of 19.17.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 5.09%.
A number of research firms have recently commented on BCE. Analysts at CSFB raised their price target on shares of BCE from C$48.00 to C$50.00 in a research note on Thursday, July 24th. They now have a “neutral” rating on the stock. On the ratings front, analysts at TD Securities raised their price target on shares of BCE from C$48.00 to C$49.00 in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of BCE from C$48.00 to C$49.00 in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. BCE presently has an average rating of “Hold” and an average price target of C$48.75.
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.