News headlines about BCE (NYSE:BCE) (TSE:BCE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BCE earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.3356030002055 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Bains defends spectrum auction ‘set asides,’ pledges funding for Nunavut broadband (theglobeandmail.com)
- CTV Presents the World Broadcast Premiere of The Tragically Hip Tour Documentary LONG TIME RUNNING, November 12 (bellmedia.ca)
- Ottawa invests $50 million in Nunavut’s backbone satellite internet network (nationalpost.com)
- Which 1 Is Better for Dividend Income: BCE Inc. or Rogers Communications Inc.? (ca.finance.yahoo.com)
- Dividend investing works: Here’s five years of proof (theglobeandmail.com)
Shares of BCE (NYSE BCE) traded up 0.31% during trading on Thursday, reaching $47.38. 660,590 shares of the company’s stock were exchanged. BCE has a 52 week low of $41.83 and a 52 week high of $48.27. The stock has a market capitalization of $42.65 billion, a PE ratio of 18.30 and a beta of 0.35. The company’s 50-day moving average is $47.17 and its 200 day moving average is $45.42.
BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.65 billion. BCE had a net margin of 12.85% and a return on equity of 21.08%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, analysts forecast that BCE will post $2.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 4.85%. This is a boost from BCE’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, September 14th. BCE’s dividend payout ratio (DPR) is presently 87.30%.
Several research analysts have recently issued reports on BCE shares. BidaskClub upgraded shares of BCE from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, June 29th. Argus assumed coverage on shares of BCE in a research report on Tuesday, July 18th. They issued a “hold” rating for the company. Finally, Barclays PLC upped their price target on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.80.
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BCE Company Profile
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.
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