Cormark Has Optimistic Outlook of BCE FY2025 Earnings

BCE Inc. (TSE:BCE) (NYSE:BCE) – Stock analysts at Cormark upped their FY2025 earnings estimates for BCE in a research note issued on Tuesday, August 12th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $2.86 for the year, up from their prior forecast of $2.85. The consensus estimate for BCE’s current full-year earnings is $3.11 per share. Cormark also issued estimates for BCE’s FY2026 earnings at $3.23 EPS.

Other equities analysts have also recently issued reports about the stock. TD Securities lifted their price target on shares of BCE from C$33.00 to C$35.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. BMO Capital Markets reduced their price target on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their price target on shares of BCE from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Friday, May 9th. Canaccord Genuity Group boosted their price objective on shares of BCE from C$31.50 to C$32.00 and gave the company a “hold” rating in a research report on Friday, May 9th. Finally, CIBC cut their price objective on shares of BCE from C$52.00 to C$33.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$34.42.

BCE Trading Up 1.4%

Shares of TSE BCE opened at C$35.03 on Wednesday. The company’s fifty day moving average is C$31.86 and its 200-day moving average is C$31.92. The stock has a market cap of C$31.73 billion, a price-to-earnings ratio of 117.52, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a twelve month low of C$28.73 and a twelve month high of C$49.13. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

BCE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 5.0%. BCE’s dividend payout ratio is currently 1,338.57%.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.