BCE (BCE) Getting Somewhat Positive News Coverage, Analysis Shows
News stories about BCE (NYSE:BCE) (TSE:BCE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog 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 daily sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.6650939580293 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- BCE, Inc. (BCE) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- TFSA Investors: Should You Buy BCE Inc. or Sun Life Financial Inc.? – Yahoo News Canada (blog) (ca.news.yahoo.com)
- Zacks Investment Research Upgrades BCE, Inc. (BCE) to “Buy” (americanbankingnews.com)
- Sorority hosts monthly financial management workshops for adults (mdjonline.com)
- BCE (BCE) Stock Upgraded to Buy from a Hold (investorplace.com)
Shares of BCE (BCE) traded up 0.49% during midday trading on Wednesday, reaching $47.23. The stock has a 50-day moving average of $47.36 and a 200 day moving average of $45.93. The company has a market cap of $42.52 billion, a P/E ratio of 17.72 and a beta of 0.35. BCE has a 52-week low of $41.83 and a 52-week high of $48.27.
BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. BCE had a return on equity of 21.08% and a net margin of 12.85%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. Equities analysts predict that BCE will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.575 per share. This is a boost from BCE’s previous quarterly dividend of $0.53. This represents a $2.30 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Thursday, September 14th. BCE’s payout ratio is 93.44%.
BCE has been the subject of a number of recent research reports. BidaskClub upgraded shares of BCE from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Argus initiated coverage on shares of BCE in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Barclays PLC upped their target price on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Morgan Stanley lowered their target price on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 27th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $56.83.
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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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