BCE (NYSE: BCE) shares currently have a dividend yield of 4.90%. BCE Inc. provides wire line, wireless, Internet, and television (TV) services to residential, business, and wholesale customers primarily in Canada. The company has a P/E ratio of 13.41. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 9 rate it a hold. The average volume for BCE has been 887,300 shares per day over the past 30 days. BCE has a market cap of $35.6 billion and is part of the telecommunications industry. Shares are up 6% year to date as of the close of trading on Monday. TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Highlights from the ratings report include:
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- BCE INC has improved earnings per share by 46.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, BCE INC increased its bottom line by earning $3.39 versus $2.87 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Diversified Telecommunication Services industry. The net income increased by 44.9% when compared to the same quarter one year prior, rising from $512.00 million to $742.00 million.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Diversified Telecommunication Services industry and the overall market, BCE INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
- Net operating cash flow has slightly increased to $863.00 million or 2.98% when compared to the same quarter last year. Despite an increase in cash flow, BCE INC's cash flow growth rate is still lower than the industry average growth rate of 14.22%.
- You can view the full BCE Ratings Report.
- Our dividend calendar.
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