The price of BCE Inc. (NYSE:BCE) shares last traded on Wall Street fell -1.06% to $42.76.
Based on available information, 18 analysts follow BCE Inc. (NYSE:BCE). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $52.90 and a low of $46.09, we find $48.24. Given the previous closing price of $43.22, this indicates a potential upside of 11.61 percent. BCE stock price is now -5.11% away from the 50-day moving average and -6.11% away from the 200-day moving average. The market capitalization of the company currently stands at $39.10B.
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Among analysts, 13 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $48.69 as their price target over the next twelve months.
A total of 0.02% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BCE stock. A new stake in BCE Inc. shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $19,874,000. QUADRATURE CAPITAL LTD invested $6,812,000 in shares of BCE during the first quarter. In the first quarter, HARVEST PORTFOLIOS GROUP INC. acquired a new stake in BCE Inc. valued at approximately $5,703,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in BCE for approximately $2,691,000. INTEGRATED WEALTH CONCEPTS LLC purchased a new stake in BCE valued at around $1,635,000 in the second quarter. In total, there are 905 active investors with 52.90% ownership of the company’s stock.
A candlestick chart of BCE Inc. (NYSE: BCE) showed a price of $42.94 on Tuesday morning. During the past 12 months, BCE Inc. has had a low of $39.88 and a high of $51.11. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 0.60, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $66.92B, which is based on a 20.12 price-to-earnings ratio, a 6.88 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for BCE is $44.98 and a two-hundred day moving average price translates $45.55 for the stock.
The latest earnings results from BCE Inc. (NYSE: BCE) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.58 by 0.06. This compares to $0.76 EPS in the same period last year. The net profit margin was 10.50% and return on equity was 13.70% for BCE. The company reported revenue of $4.48 billion for the quarter, compared to $4.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.12 percent. For the current quarter, analysts expect BCE to generate $4.56B in revenue.
In terms of dividend payout ratio, BCE is presently at 173.10%.
BCE Inc.(BCE) Company Profile
BCE Inc., a communications 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 communication products and services, as well as consumer electronics products. The Bell Wireline segment offers data, including Internet access and Internet protocol television (IPTV), local telephone, and long distance services, as well as other communication services and products; and satellite TV service and connectivity services. This segment also buys and sells local telephone, long distance, data, and other services from or to resellers and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
