BCE Inc. (BCE) Director Robert Simmonds Sells 2,500 Shares

BCE Inc. (TSE:BCE) (NYSE:BCE) Director Robert Simmonds sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of C$18.67, for a total transaction of C$46,675.00.

Robert Simmonds also recently made the following trade(s):

  • On Monday, November 19th, Robert Simmonds purchased 2,200 shares of BCE stock. The stock was acquired at an average price of C$55.49 per share, for a total transaction of C$122,078.00.

TSE:BCE traded up C$0.13 during trading hours on Friday, hitting C$55.92. The stock had a trading volume of 368,134 shares, compared to its average volume of 1,559,216. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 115.69. BCE Inc. has a 1-year low of C$50.72 and a 1-year high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, November 1st. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.93 by C$0.03. The firm had revenue of C$5.88 billion during the quarter, compared to analyst estimates of C$5.86 billion. During the same period last year, the business earned $0.68 EPS. Research analysts anticipate that BCE Inc. will post 3.67000021181933 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 5.40%. The ex-dividend date is Thursday, December 13th. BCE’s dividend payout ratio (DPR) is 97.75%.

Several research analysts recently commented on the stock. CIBC cut their price target on shares of BCE from C$59.00 to C$58.00 in a report on Friday, August 3rd. TD Securities cut their price target on shares of BCE from C$57.00 to C$56.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Desjardins raised shares of BCE from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Morgan Stanley lowered their price objective on shares of BCE from C$62.00 to C$59.00 in a research report on Friday, August 31st. Finally, Royal Bank of Canada lowered their price objective on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$59.79.

WARNING: This article was posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.wkrb13.com/2018/11/23/bce-inc-bce-director-robert-simmonds-sells-2500-shares.html.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

Read More: What is Compound Interest?

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply