Somewhat Favorable News Coverage Somewhat Unlikely to Affect BCE (BCE) Share Price
News articles about BCE (NYSE:BCE) (TSE:BCE) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BCE earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.7693497482239 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- New Investors: Jump-Start Your Portfolio With These 3 Growing Dividend Stocks (fool.ca)
- Robeco Institutional Asset Management BV Lowers Stake in Helmerich & Payne, Inc. (HP) (fishinghd.com)
- Molson Coors Canada Inc. (TPX-B.TO) RCI Trending Towards a Reversal (newstrendstoday.com)
- Two-Decade Space Mission Reaches Dramatic End: Discovery Presents Original Special, SATURN: INSIDE THE RINGS, September 15 (bellmedia.ca)
- CTV’s New Original Music Series THE LAUNCH Begins Production (bellmedia.ca)
A number of analysts have commented on BCE shares. Canaccord Genuity set a $60.00 price target on shares of BCE and gave the stock a “hold” rating in a research report on Tuesday, May 16th. BidaskClub upgraded shares of BCE from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, June 29th. Argus started coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Finally, Barclays PLC boosted their price target on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $55.80.
BCE (NYSE BCE) traded up 0.40% during mid-day trading on Monday, hitting $47.75. 627,915 shares of the company were exchanged. BCE has a 12-month low of $41.83 and a 12-month high of $48.35. The stock has a market cap of $42.99 billion, a P/E ratio of 18.69 and a beta of 0.35. The company has a 50 day moving average of $46.83 and a 200 day moving average of $45.24.
BCE (NYSE:BCE) (TSE:BCE) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.02. BCE had a net margin of 12.85% and a return on equity of 21.08%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts expect that BCE will post $2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from BCE’s previous quarterly dividend of $0.53. This represents a $2.30 dividend on an annualized basis and a yield of 4.82%. BCE’s dividend payout ratio is presently 87.30%.
BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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