Cormark Weighs in on BCE Inc.’s FY2018 Earnings (BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Analysts at Cormark increased their FY2018 EPS estimates for shares of BCE in a research note issued on Friday. Cormark analyst D. Mcfadgen now expects that the company will earn $3.40 per share for the year, up from their prior estimate of $3.32.
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Other research analysts have also issued reports about the stock. J P Morgan Chase & Co lifted their price target on shares of BCE from C$65.00 to C$68.00 in a report on Monday. Desjardins boosted their target price on shares of BCE from C$65.00 to C$66.00 in a research note on Friday. Barclays PLC boosted their target price on shares of BCE from C$64.00 to C$65.00 in a research note on Friday. Citigroup Inc. boosted their target price on shares of BCE from C$65.00 to C$66.00 in a research note on Friday. Finally, TD Securities reduced their target price on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research note on Monday, September 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$62.85.
BCE (BCE) traded up C$0.18 during midday trading on Monday, hitting C$60.86. 497,371 shares of the stock traded hands, compared to its average volume of 1,140,000. BCE has a 1-year low of C$56.80 and a 1-year high of C$63.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.717 per share. This represents a $2.87 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, December 14th.
In related news, Director Katherine M. Lee purchased 2,000 shares of BCE stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of C$58.91 per share, with a total value of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the company’s stock in a transaction that occurred 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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