Somewhat Positive Media Coverage Somewhat Unlikely to Affect BCE (BCE) Stock Price
News stories about BCE (NYSE:BCE) (TSE:BCE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BCE earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 47.2562887576427 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- BCE Inc. (BCE) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- How Much More Will You Earn With a Growing Dividend? (msn.com)
- Brokers Offer Predictions for BCE Inc.’s FY2018 Earnings (BCE) (americanbankingnews.com)
- Research Analysts Set Expectations for BCE Inc.’s Q1 2018 Earnings (BCE) (americanbankingnews.com)
- Why Every Portfolio Needs These Telecoms (fool.ca)
BCE (BCE) remained flat at $$44.48 on Wednesday. 778,385 shares of the stock were exchanged, compared to its average volume of 987,398. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.39 and a current ratio of 0.43. The company has a market cap of $40,100.00, a PE ratio of 17.31, a PEG ratio of 4.68 and a beta of 0.30. BCE has a 1-year low of $42.44 and a 1-year high of $49.06.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Thursday, March 15th will be issued a $0.601 dividend. This is a boost from BCE’s previous quarterly dividend of $0.56. The ex-dividend date is Wednesday, March 14th. This represents a $2.40 annualized dividend and a yield of 5.40%. BCE’s payout ratio is 89.49%.
BCE announced that its board has approved a stock repurchase plan on Thursday, February 8th that allows the company to repurchase $175.00 million in shares. This repurchase authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on BCE shares. Bank of America started coverage on BCE in a research report on Tuesday, November 21st. They set a “buy” rating and a $54.00 price objective for the company. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, January 18th. Desjardins cut BCE from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Morgan Stanley lifted their price target on BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BCE currently has a consensus rating of “Buy” and a consensus price target of $56.00.
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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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