Desjardins Has Positive Estimate for BCE FY2025 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Investment analysts at Desjardins boosted their FY2025 earnings estimates for shares of BCE in a research note issued to investors on Thursday, November 6th. Desjardins analyst J. Dubreuil now anticipates that the company will post earnings per share of $2.78 for the year, up from their previous forecast of $2.69. Desjardins currently has a “Sector Perform” rating and a $42.00 price target on the stock. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

A number of other brokerages have also issued reports on BCE. CIBC raised their target price on BCE from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. BMO Capital Markets reduced their price objective on BCE from C$51.00 to C$35.00 and set a “market perform” rating for the company in a research note on Tuesday, August 5th. Scotiabank lifted their target price on BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a report on Monday, September 8th. TD Securities dropped their target price on BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, National Bankshares set a C$35.00 price target on shares of BCE and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, BCE has an average rating of “Hold” and an average price target of C$36.23.

BCE Trading Up 2.0%

TSE BCE opened at C$32.79 on Monday. BCE has a 12-month low of C$28.73 and a 12-month high of C$38.73. The company has a fifty day simple moving average of C$32.79 and a two-hundred day simple moving average of C$32.10. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. The stock has a market cap of C$30.23 billion, a P/E ratio of 4.92, a P/E/G ratio of 4.67 and a beta of 0.52.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.4375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.3%. BCE’s dividend payout ratio is currently 43.09%.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.