BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Thursday, November 1st, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.755 per share on Tuesday, January 15th. This represents a $3.02 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of BCE stock opened at C$56.96 on Friday. The company has a debt-to-equity ratio of 115.69, a quick ratio of 0.45 and a current ratio of 0.58. BCE has a 1 year low of C$50.72 and a 1 year high of C$62.90.
BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, November 1st. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.93 by C$0.03. The business had revenue of C$5.88 billion during the quarter, compared to analyst estimates of C$5.86 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Equities analysts anticipate that BCE will post 3.6700002287307 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of BCE from C$59.00 to C$60.00 in a research note on Thursday, November 29th. Royal Bank of Canada lowered their price target on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a research note on Friday, November 2nd. Barclays lowered their price target on shares of BCE from C$65.00 to C$62.00 in a research note on Friday, November 2nd. TD Securities lowered their price objective on shares of BCE from C$57.00 to C$56.00 and set a “hold” rating on the stock in a research note on Tuesday, October 23rd. Finally, Desjardins upgraded shares of BCE from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$60.75 to C$59.50 in a research note on Thursday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BCE currently has a consensus rating of “Buy” and an average target price of C$59.88.
In other news, Director Robert Simmonds acquired 2,200 shares of the stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of C$55.49 per share, for a total transaction of C$122,078.00. Also, insider Duc Bernard Le sold 7,513 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of C$52.90, for a total transaction of C$397,437.70. Insiders have sold a total of 17,484 shares of company stock worth $869,960 over the last 90 days.
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BCE Company Profile
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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