BCE FY2025 EPS Forecast Raised by National Bank Financial

BCE Inc. (TSE:BCE) (NYSE:BCE) – Research analysts at National Bank Financial raised their FY2025 EPS estimates for BCE in a report released on Wednesday, March 26th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $2.78 for the year, up from their previous forecast of $2.70. The consensus estimate for BCE’s current full-year earnings is $3.11 per share.

Several other research firms have also commented on BCE. National Bankshares increased their target price on BCE from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. downgraded BCE from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from C$35.00 to C$29.00 in a report on Friday, February 7th. Scotiabank decreased their target price on BCE from C$42.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Barclays lowered shares of BCE from an “equal weight” rating to an “underperform” rating and dropped their price target for the company from C$41.00 to C$30.00 in a research note on Thursday, January 30th. Finally, TD Securities raised their price objective on shares of BCE from C$31.00 to C$33.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$40.50.

BCE Trading Down 1.2 %

Shares of TSE:BCE opened at C$32.63 on Monday. BCE has a 52 week low of C$31.43 and a 52 week high of C$49.13. The company’s 50 day moving average is C$33.81 and its two-hundred day moving average is C$37.74. The company has a market cap of C$29.56 billion, a PE ratio of 109.47, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73.

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.9975 per share. The ex-dividend date is Friday, March 14th. This represents a $3.99 annualized dividend and a dividend yield of 12.23%. BCE’s dividend payout ratio (DPR) is 1,338.57%.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.