FY2016 EPS Estimates for BCE Inc. (BCE) Reduced by Cormark
BCE Inc. (TSE:BCE) – Investment analysts at Cormark lowered their FY2016 EPS estimates for shares of BCE in a research note issued on Wednesday. Cormark analyst D. Mcfadgen now anticipates that the firm will post earnings per share of $3.50 for the year, down from their previous forecast of $3.53. Cormark also issued estimates for BCE’s FY2018 earnings at $3.51 EPS.
Several other research firms have also commented on BCE. Desjardins boosted their target price on BCE from C$64.00 to C$68.00 in a research report on Thursday, August 11th. CSFB boosted their target price on BCE from C$56.00 to C$58.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. boosted their target price on BCE from C$62.00 to C$66.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. National Bank Financial boosted their target price on BCE from C$58.50 to C$63.00 in a research report on Tuesday, July 26th. Finally, Gabelli reissued a “hold” rating on shares of BCE in a research report on Thursday, September 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$62.42.
Shares of BCE (TSE:BCE) opened at 57.45 on Friday. The company has a market cap of $49.99 billion and a PE ratio of 18.18. BCE has a 12 month low of $52.38 and a 12 month high of $63.41. The firm’s 50-day moving average price is $60.13 and its 200 day moving average price is $60.75.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 15th. Shareholders of record on Thursday, December 15th will be paid a $0.6825 dividend. This represents a $2.73 annualized dividend and a dividend yield of 4.75%.
BCE Company Profile
BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.
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