BCE Inc. (TSE: BCE) (NYSE: BCE) – National Bank Financial stock research analysts released their estimates for third quarter 2021 earnings per share (EPS) for BCE in a research note published on Monday, September 27. National Bank Financial analyst A. Shine expects the company to earn $ 0.81 per share for the quarter. National Bank Financial has an âOutperformanceâ rating and a target price of $ 70.00 for the share. National Bank Financial also released estimates for BCE’s earnings for fiscal 2021 at $ 3.25 per share and earnings for fiscal 2022 at $ 3.49 per share. BCE (TSE: BCE) (NYSE: BCE) last reported its quarterly results on Thursday, August 5. The company reported earnings per share (EPS) of C $ 0.83 for the quarter, beating the consensus estimate of C $ 0.78 by C $ 0.05. The company posted sales of C $ 5.78 billion for the quarter, compared to analysts’ expectations of C $ 5.78 billion.
Several other analysts also recently published reports on BCE. BMO Capital Markets reaffirmed a âsuperior yieldâ rating for BCE stocks in a research note on Tuesday, September 14. Royal Bank of Canada raised its price target on BCE shares from C $ 61.00 to C $ 66.00 and assigned the company a “sector performance” rating in a research note on Friday August 6 . National Bank Shares raised its price target for BCE shares from C $ 66.00 to C $ 70.00 and assigned the company an “outperformance” rating in a research note on Friday, September 10. Canaccord Genuity reiterated the âbuyâ rating of BCE shares in a report released on Wednesday, September 8. Finally, CIBC raised its target price on BCE shares from C $ 61.00 to C $ 64.00 in a report released on Friday August 6. Six analysts rated the stock with a conservation rating and five gave the stock a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C $ 65.80.
Actions of TSE BCE opened for CA $ 63.49 on Wednesday. BCE has a 12-month low of C $ 52.52 and a 12-month high of C $ 67.08. The stock has a market cap of C $ 57.51 billion and a PE ratio of 19.75. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt ratio of 121.77. The company has a 50-day moving average of C $ 64.28 and a 200-day moving average of C $ 61.16.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Wednesday, September 15 will receive a dividend of $ 0.875. The ex-dividend date is Tuesday, September 14. This represents an annualized dividend of $ 3.50 and a dividend yield of 5.51%. BCE’s dividend payout ratio is currently 108.86%.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet and television (television) services to residential, commercial and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services.
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