[CNW Group] BCE, Inc. (NYSE:BCE)(TREND ANALYSIS) will hold its first-quarter 2015 results conference call with the financial community on Thursday, April 30, 2015 , at 8:00 am eastern.
Participants will include George Cope , President and Chief Executive Officer, and Siim Vanaselja , Executive Vice President and Chief Financial Officer. Media are welcome to participate on a listen-only basis.
To participate, please dial toll-free 1-800-355-4959 or (416) 340-2218. A replay will be available for one week by dialing 1-800-408-3053 or (905) 694-9451 and entering pass code 6089546#.
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The company is expected to announce next quarter earnings on April 30, at consensus estimate of $0.62. BCE, Inc. (BCE) reported last quarter earnings on February 05. The Telecom Services company announced earnings per share of $0.58 against a consensus Street estimate of $0.59, missing estimate by $0.01. This corresponds to a decrease of $0.04 compared to the same quarter of the previous fiscal year.
BCE, Inc. (NYSE:BCE) is currently trading 7.87% below its 52-week-high, 8.46% above its 52-week-low. The 12-months range for the stock is $41 – $48.27. BCE, Inc. (BCE) has a price to earnings ratio of 18.84 versus S&P 500 average of 17.42. BCE stock price has underperformed the S&P 500 by 4.2%. The Telecom Services company is currently valued at $37.43 billion and its share price closed the last trading session at $44.47. The stock has a 50-day moving average of $43.01 and a 200-day moving average of $44.62.
BCE, Inc. (BCE) current short interest stands at 10.74 million shares. It has decreased by 6% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.72 million shares, the number of days required to cover the short positions stand at 15 days.
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There are currently twenty analysts that cover BCE stock. Of those twenty, six have a Buy rating, eleven have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $44.85.
ScotiaBank increased their price target on BCE from $58 to $60. This corresponds to a 34.92% upside from the last closing price. On the date of report, the stock closed at $43.92.
TD Securities upgraded their Reduce rating to Hold on March 27. On the date of report, the stock closed at $42.73.
A third research firm was UBS who initiated their coverage on the stock with Neutral rating on October 22. On the date of report, the stock closed at $41.75.
Company profile
BCE Inc. provides wire line, wireless, Internet, and television (TV) services to residential, business, and wholesale customers primarily in Canada. The company offers local telephone and long distance services under the Bell Home Phone brand; direct-to-home satellite TV services under the Bell TV name; personal video recorders and online access services; Internet protocol (IP) TV services under the Bell Fibe TV brand; and local exchange carrier services. It also provides data services, including high-speed Internet access services under the Bell Internet name; IP based services; information and communications technology solutions comprising professional, managed, and infrastructure services; and legacy data services. In addition, the company offers wireless voice and data communications products and services comprising call display and voicemail, e-mail, Web browsing, social networking, text, picture and video messaging, music downloads, ringtones, games and applications, video streaming, live TV, mobile Internet, global positioning system navigation services, and roaming services under the Bell, Virgin Mobile, and Solo Mobile brands. Further, it provides television programming to broadcast distributors; and mobile TV services. Additionally, the company rents, sells, and maintains business terminal equipment; sells TV set-top box; and provides network installation and maintenance services for third parties. It operates approximately 28 conventional over-the-air stations and 30 English and French-language specialty television channels; 33 FM and AM radio stations; and Sympatico.ca portal and Dome Productions Partnership Websites. As of December 31, 2011, it served approximately 2.1 million high-speed Internet access customers through digital subscriber line, and fibre-optic or wireless broadband technology; and 7.4 million wireless customers. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
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