The Desjardins Equities Analysts Lower Earnings Estimates for BCE Inc. (BCE)

The Desjardins Equities Analysts Lower Earnings Estimates for BCE Inc. (BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) – Equities research analysts at Desjardins dropped their Q2 2017 earnings per share estimates for shares of BCE in a research report issued on Wednesday. Desjardins analyst M. Yaghi now anticipates that the company will post earnings per share of $0.87 for the quarter, down from their prior forecast of $0.89. Desjardins has a “Buy” rating and a $65.00 price objective on the stock.

BCE has been the topic of several other research reports. CIBC lifted their target price on shares of BCE from C$59.00 to C$60.00 in a research report on Monday, March 20th. Scotiabank lifted their target price on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of BCE from C$64.00 to C$66.00 in a research report on Monday, May 8th. TD Securities reissued a “hold” rating and set a C$59.00 target price on shares of BCE in a research report on Monday, April 24th. Finally, Citigroup Inc lifted their target price on shares of BCE from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$62.21.

BCE has been the topic of several other research reports. CIBC lifted their target price on shares of BCE from C$59.00 to C$60.00 in a research report on Monday, March 20th. Scotiabank lifted their target price on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of BCE from C$64.00 to C$66.00 in a research report on Monday, May 8th. TD Securities reissued a “hold” rating and set a C$59.00 target price on shares of BCE in a research report on Monday, April 24th. Finally, Citigroup Inc lifted their target price on shares of BCE from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$62.21. Shares of BCE (TSE:BCE) opened at 61.08 on Monday. The firm has a 50-day moving average price of $61.28 and a 200 day moving average price of $59.08. BCE has a 1-year low of $56.80 and a 1-year high of $63.40. The company has a market cap of $54.94 billion and a price-to-earnings ratio of 18.57.

In related news, Director John Watson sold 81,807 shares of BCE stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of C$61.90, for a total value of C$5,063,853.30. Also, insider Duc Bernard Le sold 63,746 shares of BCE stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of C$58.26, for a total transaction of C$3,713,841.96. The business also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Saturday, July 15th will be issued a $0.7175 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.70%.

About BCE 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:BCE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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