Cormark Has Positive Outlook for BCE FY2025 Earnings

BCE Inc. (NYSE:BCE) (TSE:BCE) – Equities research analysts at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of BCE in a research report issued on Tuesday, November 5th. Cormark analyst D. Mcfadgen now forecasts that the utilities provider will post earnings of $2.28 per share for the year, up from their previous forecast of $2.20. The consensus estimate for BCE’s current full-year earnings is $2.20 per share.

A number of other equities research analysts have also recently commented on BCE. BMO Capital Markets raised their price objective on shares of BCE from $48.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, September 19th. Canaccord Genuity Group reaffirmed a “hold” rating on shares of BCE in a report on Tuesday. Canaccord Genuity Group lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut their price target on BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 9th. Finally, Edward Jones downgraded BCE from a “buy” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.33.

BCE Stock Down 1.0 %

BCE stock opened at $28.84 on Wednesday. The business’s 50-day moving average price is $34.00 and its 200 day moving average price is $33.68. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 2.00. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 5.36 and a beta of 0.59. BCE has a 52 week low of $28.64 and a 52 week high of $41.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BCE. ESL Trust Services LLC acquired a new stake in shares of BCE in the first quarter valued at about $31,000. Massmutual Trust Co. FSB ADV lifted its stake in BCE by 3,480.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,074 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,044 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of 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 purchasing an additional 675 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of BCE by 60.0% in the second quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 600 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of BCE by 321.0% in the third quarter. Bruce G. Allen Investments LLC now owns 1,663 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 1,268 shares during the last quarter. 41.46% of the stock is owned by hedge funds and other institutional investors.

BCE Company Profile

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.