FY2025 EPS Estimates for BCE Cut by National Bank Financial

BCE Inc. (NYSE:BCE) (TSE:BCE) – Equities research analysts at National Bank Financial lowered their FY2025 earnings per share estimates for BCE in a research note issued to investors on Monday, November 4th. National Bank Financial analyst A. Shine now forecasts that the utilities provider will post earnings of $2.09 per share for the year, down from their previous estimate of $2.23. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for BCE’s current full-year earnings is $2.20 per share.

A number of other research firms also recently issued reports on BCE. Barclays decreased their price target on shares of BCE from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 9th. Cibc World Mkts raised BCE from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 2nd. Canaccord Genuity Group restated a “hold” rating on shares of BCE in a research report on Tuesday. Canaccord Genuity Group downgraded BCE from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Edward Jones cut shares of BCE from a “buy” rating to a “hold” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.33.

BCE Stock Down 0.3 %

Shares of BCE stock opened at $28.74 on Wednesday. The company’s fifty day simple moving average is $33.87 and its two-hundred day simple moving average is $33.64. BCE has a 12-month low of $28.26 and a 12-month high of $41.77. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 2.00. The company has a market cap of $26.22 billion, a P/E ratio of 18.08, a PEG ratio of 5.36 and a beta of 0.59.

Institutional Trading of BCE

Several institutional investors have recently bought and sold shares of BCE. ESL Trust Services LLC purchased a new stake in BCE during the 1st quarter valued at $31,000. Massmutual Trust Co. FSB ADV increased its holdings 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 buying an additional 1,044 shares in the last quarter. Hexagon Capital Partners LLC raised its position in BCE by 121.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,232 shares of the utilities provider’s stock worth $43,000 after buying an additional 675 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in BCE by 60.0% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 600 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of BCE by 321.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,663 shares of the utilities provider’s stock valued at $58,000 after acquiring 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.