BCE (TSE:BCE) (NYSE:BCE) will be issuing its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of C$0.92 per share for the quarter.
BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, August 2nd. The company reported C$0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.88 by C($0.02). BCE had a return on equity of 20.55% and a net margin of 14.39%. The business had revenue of C$5.79 billion for the quarter, compared to the consensus estimate of C$5.83 billion.
Shares of TSE BCE opened at C$51.31 on Tuesday. BCE has a 12 month low of C$50.72 and a 12 month high of C$62.90.
BCE has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research note on Friday, August 3rd. Desjardins reduced their target price on BCE from C$61.00 to C$60.75 and set a “hold” rating for the company in a research note on Friday, August 3rd. TD Securities reduced their target price on BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. Morgan Stanley dropped their price target on BCE from C$62.00 to C$59.00 in a report on Friday, August 31st. Finally, CIBC dropped their price target on BCE from C$59.00 to C$58.00 in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$58.88.
BCE Company Profile
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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