BCE (TSE:BCE) Insider Karine Moses Sells 3,500 Shares

BCE Inc. (TSE:BCE) (NYSE:BCE) insider Karine Moses sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$33.25, for a total transaction of C$116,375.00. Following the transaction, the insider directly owned 3,712 shares in the company, valued at approximately C$123,424. This trade represents a 48.53% decrease in their ownership of the stock.

BCE Stock Performance

TSE:BCE opened at C$32.72 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 183.90. BCE Inc. has a fifty-two week low of C$29.17 and a fifty-two week high of C$36.25. The stock has a market cap of C$30.51 billion, a PE ratio of 4.83, a price-to-earnings-growth ratio of 4.67 and a beta of 0.33. The firm’s fifty day simple moving average is C$33.90 and its 200-day simple moving average is C$33.51.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share for the quarter. BCE had a net margin of 26.07% and a return on equity of 29.69%. The business had revenue of C$6.17 billion for the quarter. Analysts expect that BCE Inc. will post 3.1120864 earnings per share for the current fiscal year.

BCE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.4375 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.75 annualized dividend and a dividend yield of 5.3%. BCE’s payout ratio is currently 25.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on BCE. JPMorgan Chase & Co. boosted their price objective on shares of BCE from C$33.00 to C$37.00 in a research report on Friday, February 6th. Desjardins decreased their price objective on shares of BCE from C$41.50 to C$41.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. National Bank Financial boosted their price objective on shares of BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Scotiabank boosted their price objective on shares of BCE from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, BCE presently has a consensus rating of “Moderate Buy” and an average target price of C$37.78.

BCE Company Profile

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.