BCE Inc. (NYSE:BCE – Free Report) (TSE:BCE) – Research analysts at National Bank Financial issued their FY2026 EPS estimates for shares of BCE in a note issued to investors on Monday, November 4th. National Bank Financial analyst A. Shine forecasts that the utilities provider will post earnings of $1.92 per share for the year. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $2.20 per share.
A number of other research firms have also issued reports on BCE. Barclays lowered their target price on BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 9th. Canaccord Genuity Group lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group restated a “hold” rating on shares of BCE in a research note on Tuesday. Cibc World Mkts raised shares of BCE from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised their target price on BCE from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.33.
BCE Trading Down 0.3 %
NYSE BCE opened at $28.74 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.62 and a current ratio of 0.65. BCE has a one year low of $28.26 and a one year high of $41.77. The company’s 50 day moving average price is $33.87 and its 200 day moving average price is $33.64. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 5.36 and a beta of 0.59.
Hedge Funds Weigh In On BCE
Large investors have recently modified their holdings of the stock. Intact Investment Management Inc. raised its stake in BCE by 66.4% during the third quarter. Intact Investment Management Inc. now owns 1,360,980 shares of the utilities provider’s stock valued at $47,320,000 after buying an additional 543,320 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in BCE by 3,355.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,852,025 shares of the utilities provider’s stock worth $64,450,000 after acquiring an additional 1,798,427 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in BCE by 23.8% in the second quarter. CIBC Asset Management Inc now owns 5,520,090 shares of the utilities provider’s stock worth $178,677,000 after acquiring an additional 1,061,488 shares during the last quarter. Creative Planning boosted its stake in BCE by 116.0% in the second quarter. Creative Planning now owns 56,099 shares of the utilities provider’s stock valued at $1,816,000 after acquiring an additional 30,125 shares during the period. Finally, &PARTNERS bought a new position in shares of BCE during the second quarter valued at approximately $298,000. Institutional investors own 41.46% of the company’s stock.
About BCE
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 two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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