BCE, Inc. (NYSE:BCE) (TSE:BCE) – Cormark issued their Q2 2017 EPS estimates for shares of BCE in a note issued to investors on Wednesday. Cormark analyst D. Mcfadgen expects that the utilities provider will post earnings of $0.69 per share for the quarter. Cormark also issued estimates for BCE’s FY2017 earnings at $2.64 EPS and FY2018 earnings at $2.64 EPS.

BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Wednesday, April 26th. The utilities provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.37 billion. BCE had a net margin of 13.36% and a return on equity of 22.03%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share.

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Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, June 29th. Citigroup Inc. upgraded shares of BCE from a “neutral” rating to a “buy” rating in a research note on Thursday, April 6th. Argus started coverage on shares of BCE in a research note on Tuesday, July 18th. They set a “hold” rating on the stock. BidaskClub upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Canaccord Genuity set a $60.00 target price on shares of BCE and gave the company a “hold” rating in a research note on Tuesday, May 16th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. BCE presently has a consensus rating of “Buy” and a consensus target price of $58.75.

Shares of BCE (BCE) opened at 47.08 on Friday. The stock has a 50 day moving average of $45.39 and a 200 day moving average of $44.75. BCE has a one year low of $41.83 and a one year high of $49.03. The stock has a market cap of $42.35 billion, a P/E ratio of 18.09 and a beta of 0.36.

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in BCE by 1.9% in the first quarter. Wellington Management Group LLP now owns 13,247,536 shares of the utilities provider’s stock valued at $584,936,000 after buying an additional 244,009 shares during the last quarter. FMR LLC raised its stake in BCE by 3.6% in the first quarter. FMR LLC now owns 12,274,108 shares of the utilities provider’s stock valued at $543,445,000 after buying an additional 424,228 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in BCE by 6.2% in the second quarter. Great West Life Assurance Co. Can now owns 7,763,938 shares of the utilities provider’s stock valued at $348,772,000 after buying an additional 453,091 shares during the last quarter. Vanguard Group Inc. raised its stake in BCE by 9.0% in the first quarter. Vanguard Group Inc. now owns 6,839,144 shares of the utilities provider’s stock valued at $302,769,000 after buying an additional 564,047 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in BCE by 25.9% in the first quarter. Bank of America Corp DE now owns 6,384,703 shares of the utilities provider’s stock valued at $282,651,000 after buying an additional 1,311,603 shares during the last quarter. 43.92% of the stock is owned by hedge funds and other institutional investors.

About BCE

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Earnings History and Estimates for BCE (NYSE:BCE)

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