FY2018 Earnings Forecast for BCE Inc. (BCE) Issued By Cormark
BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities research analysts at Cormark increased their FY2018 EPS estimates for BCE in a report released on Friday. Cormark analyst D. Mcfadgen now expects that the company will post earnings of $3.40 per share for the year, up from their prior forecast of $3.32.
A number of other brokerages have also commented on BCE. Desjardins lifted their price target on shares of BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. J P Morgan Chase & Co lifted their price target on shares of BCE from C$65.00 to C$68.00 in a research note on Monday. Scotiabank lifted their price target on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Barclays PLC lifted their price target on shares of BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Finally, National Bank Financial raised their price objective on shares of BCE from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Three 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$62.85.
Shares of BCE (TSE BCE) traded down C$0.36 during mid-day trading on Monday, hitting C$60.63. 1,010,858 shares of the stock were exchanged, compared to its average volume of 1,140,000. BCE has a 52-week low of C$56.80 and a 52-week high of C$63.00.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a yield of 4.73%. The ex-dividend date is Thursday, December 14th.
In other BCE news, Director Katherine M. Lee purchased 2,000 shares of BCE stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of C$58.91 per share, for a total transaction of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$59.30, for a total transaction of C$385,331.40.
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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