FY2018 EPS Estimates for BCE Inc. Raised by National Bank Financial (BCE)
BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities researchers at National Bank Financial boosted their FY2018 earnings per share estimates for BCE in a research note issued to investors on Tuesday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $3.56 for the year, up from their previous estimate of $3.55. National Bank Financial currently has a “Outperform” rating and a $64.00 target price on the stock.
COPYRIGHT VIOLATION NOTICE: This report was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://theolympiareport.com/2017/11/10/fy2018-eps-estimates-for-bce-inc-raised-by-national-bank-financial-bce.html.
Several other analysts also recently weighed in on BCE. Scotiabank lifted their target price on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Citigroup Inc. lifted their target price on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Royal Bank Of Canada lifted their target price on BCE from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Barclays PLC lifted their target price on BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd. Finally, J P Morgan Chase & Co lifted their target price on BCE from C$65.00 to C$68.00 in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BCE presently has an average rating of “Buy” and an average target price of C$62.85.
BCE (TSE:BCE) traded up C$0.37 during trading hours on Friday, hitting C$61.17. The stock had a trading volume of 1,312,082 shares, compared to its average volume of 1,368,223. BCE has a fifty-two week low of C$56.80 and a fifty-two week high of C$63.00.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.717 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.87 annualized dividend and a dividend yield of 4.69%. BCE’s dividend payout ratio is currently 87.77%.
In related news, Director Katherine M. Lee bought 2,000 shares of the business’s stock in a transaction 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 BCE stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total value 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.
Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.