Weekly Research Analysts’ Ratings Changes for BCE (BCE)

BCE (NYSE: BCE) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – BCE had its price target lowered by analysts at Barclays PLC from $34.00 to $30.00. They now have an “equal weight” rating on the stock.
• 11/5/2024 – BCE had its “hold” rating reaffirmed by analysts at Canaccord Genuity Group Inc..
• 11/5/2024 – BCE was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating.
• 11/5/2024 – BCE was downgraded by analysts at Edward Jones from a “buy” rating to a “hold” rating.
• 10/9/2024 – BCE had its price target lowered by analysts at Barclays PLC from $35.00 to $34.00. They now have an “equal weight” rating on the stock.
• 9/30/2024 – BCE was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating.
• 9/19/2024 – BCE had its price target raised by analysts at BMO Capital Markets from $48.00 to $51.00. They now have a “market perform” rating on the stock.

BCE Stock Down 1.8 %

NYSE:BCE traded down $0.49 during trading hours on Wednesday, hitting $27.21. The stock had a trading volume of 7,305,669 shares, compared to its average volume of 2,319,300. The business has a 50 day simple moving average of $33.31 and a two-hundred day simple moving average of $33.51. BCE Inc. has a 1-year low of $27.11 and a 1-year high of $41.77. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26. The company has a market cap of $24.82 billion, a PE ratio of 388.64, a price-to-earnings-growth ratio of 4.28 and a beta of 0.59.

BCE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.737 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.95 dividend on an annualized basis and a yield of 10.84%. This is a positive change from BCE’s previous quarterly dividend of $0.73. BCE’s payout ratio is currently 4,228.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ESL Trust Services LLC purchased a new position in shares of BCE during the 1st quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV boosted its stake in BCE by 3,480.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,074 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,044 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in BCE by 121.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,232 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 675 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in BCE during the 3rd quarter worth $51,000. Finally, Brown Lisle Cummings Inc. increased its position in shares of BCE by 60.0% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.