What is Cormark’s Estimate for BCE FY2025 Earnings?

BCE Inc. (NYSE:BCE) (TSE:BCE) – Research analysts at Cormark boosted their FY2025 earnings estimates for BCE in a note issued to investors 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 prior estimate of $2.20. The consensus estimate for BCE’s current full-year earnings is $2.20 per share.

Several other brokerages also recently weighed in on BCE. Edward Jones downgraded shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. BMO Capital Markets upped their target price on BCE from $48.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, September 19th. Canaccord Genuity Group reissued a “hold” rating on shares of BCE in a report on Tuesday. Finally, Cibc World Mkts upgraded shares of BCE from a “hold” rating to a “strong-buy” rating in a report on Friday, August 2nd. Nine investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.33.

BCE Stock Down 0.3 %

NYSE:BCE opened at $28.74 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.62 and a current ratio of 0.65. The stock has a market capitalization of $26.22 billion, a P/E ratio of 18.08, a P/E/G ratio of 5.36 and a beta of 0.59. The company’s 50-day simple moving average is $33.87 and its 200-day simple moving average is $33.64. BCE has a fifty-two week low of $28.26 and a fifty-two week high of $41.77.

Hedge Funds Weigh In On BCE

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of BCE by 0.6% in the first quarter. Vanguard Group Inc. now owns 14,725,614 shares of the utilities provider’s stock worth $500,376,000 after acquiring an additional 80,879 shares during the period. Toronto Dominion Bank raised its stake in shares of BCE by 12.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,450,810 shares of the utilities provider’s stock valued at $273,553,000 after buying an additional 905,857 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of BCE by 23.8% in the 2nd quarter. CIBC Asset Management Inc now owns 5,520,090 shares of the utilities provider’s stock valued at $178,677,000 after buying an additional 1,061,488 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of BCE by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,068,728 shares of the utilities provider’s stock worth $163,932,000 after buying an additional 21,487 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of BCE by 5.5% in the second quarter. Federated Hermes Inc. now owns 3,564,393 shares of the utilities provider’s stock worth $115,379,000 after buying an additional 186,659 shares during the last quarter. Institutional investors and hedge funds own 41.46% of the company’s stock.

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.