Key Points
- Director Louis Vachon bought 10,000 BCE shares at an average price of C$30.63, investing C$306,300 and increasing his holdings by 11.11% to 100,000 shares.
- BCE reported quarterly revenue of C$6.18 billion and EPS of C$0.65. Its shares opened at C$30.88, near the lower end of their 52-week range, while the company carries a high debt-to-equity ratio of 175.06.
- BCE declared a quarterly dividend of $0.4375 per share, equivalent to an annualized $1.75 payout and a 5.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$37.69.
BCE Inc. (TSE:BCE - Get Free Report) (NYSE:BCE) Director Louis Vachon purchased 10,000 shares of the firm's stock in a transaction on Friday, September 18th. The stock was bought at an average price of C$30.63 per share, for a total transaction of C$306,300.00. Following the purchase, the director owned 100,000 shares in the company, valued at approximately C$3,063,000. This represents a 11.11% increase in their ownership of the stock.
BCE Trading Down 0.1%
Shares of BCE stock opened at C$30.88 on Tuesday. The firm has a market cap of C$28.80 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 4.67 and a beta of 0.37. The business has a 50-day moving average price of C$31.67 and a 200-day moving average price of C$32.81. The company has a quick ratio of 0.43, a current ratio of 0.73 and a debt-to-equity ratio of 175.06. BCE Inc. has a twelve month low of C$29.66 and a twelve month high of C$36.25.
BCE (TSE:BCE - Get Free Report) (NYSE:BCE) last issued its earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$6.18 billion for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. Equities research analysts anticipate that BCE Inc. will post 3.1120864 EPS for the current fiscal year.
BCE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, September 15th. BCE's dividend payout ratio (DPR) is currently 25.96%.
Wall Street Analyst Weigh In
BCE has been the topic of several recent research reports. Morgan Stanley raised BCE from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from C$31.00 to C$35.00 in a report on Tuesday, July 21st. Desjardins boosted their price target on shares of BCE from C$41.00 to C$43.00 and gave the stock a "buy" rating in a research report on Thursday, September 17th. Scotia boosted their price target on shares of BCE from C$39.00 to C$40.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 7th. TD Securities raised shares of BCE from a "hold" rating to a "buy" rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of BCE from C$39.00 to C$36.00 and set an "outperform" rating for the company in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$37.69.
View Our Latest Stock Report on BCE
BCE Company Profile
(
Get Free Report)
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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