Key Points
- Director Louis Vachon bought 15,000 BCE shares on May 11 at an average price of C$33.39, increasing his holdings by 25% to 75,000 shares.
- BCE shares were down 1.4% and opened at C$32.72, while the stock continues to trade near its 50-day and 200-day moving averages with a market cap of about C$30.5 billion.
- The company reported quarterly EPS of C$0.63 and revenue of C$6.17 billion, and it maintains a 5.3% dividend yield backed by a quarterly payout of C$0.4375.
BCE Inc. (TSE:BCE - Get Free Report) (NYSE:BCE) insider Karine Moses sold 3,500 shares of the company's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$33.25, for a total transaction of C$116,375.00. Following the completion of the transaction, the insider owned 3,712 shares in the company, valued at approximately C$123,424. This trade represents a 48.53% decrease in their ownership of the stock.
BCE Price Performance
TSE:BCE opened at C$32.72 on Friday. The firm has a market cap of C$30.51 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 4.67 and a beta of 0.33. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 183.90. The company's 50-day moving average is C$33.90 and its two-hundred day moving average is C$33.51. BCE Inc. has a 12-month low of C$29.17 and a 12-month high of C$36.25.
BCE (TSE:BCE - Get Free Report) (NYSE:BCE) last released its earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share (EPS) for the quarter. The company had revenue of C$6.17 billion for the quarter. BCE had a net margin of 26.07% and a return on equity of 29.69%. Research analysts expect that BCE Inc. will post 3.1120864 EPS for the current year.
BCE Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, March 16th. BCE's dividend payout ratio is 25.85%.
Analysts Set New Price Targets
A number of research firms have issued reports on BCE. National Bank Financial upped their target price on shares of BCE from C$38.00 to C$39.00 and gave the company an "outperform" rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their target price on shares of BCE from C$33.00 to C$37.00 in a report on Friday, February 6th. Barclays upgraded shares of BCE from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 27th. Desjardins cut their price objective on shares of BCE from C$41.50 to C$41.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of BCE from C$38.00 to C$39.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$37.78.
Get Our Latest Analysis on BCE
BCE Company Profile
(
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Bell Media is Canada's leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada's most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada's cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec's fast-growing conventional French-language network, Noovo; the country's leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.
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