BCE hikes dividend, beats profit estimates on higher wireless subscriptions

Eileen GuzmanFeb 11, 2018

BCE, the owner of Bell Mobility, Virgin Mobile and Lucky Mobile, had a total of 158,514 net wireless activations during the quarter, including 175,204 postpaid subscriptions - ahead of a consensus estimate of about 113,000. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.44.

Telus's net income rose to C$282 million ($224 million) from C$87 million a year earlier.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 9th will be given a dividend of $0.402 per share.

Barclays Capital analyst Phillip Huang wrote in a note to clients that Bell seems to have taken "significant market share" during a five-day promo in mid-December - a period when Rogers suffered technical problems. Bank of America assumed coverage on BCE in a research report on Tuesday, November 21st. The ex-dividend date of this dividend is Thursday, September 14th. They now have an outperform rating on the stock. This represents a $2.30 annualized dividend and a dividend yield of 4.81%. BCE's payout ratio is now 87.30%. Royal Bank of Canada increased their price target on shares of BCE from C$61.00 to C$62.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd.

BCE (TSE:BCE) (NYSE:BCE) had its price objective cut by National Bank Financial from C$64.00 to C$63.00 in a report published on Thursday, February 1st. Morgan Stanley boosted their price objective on shares of TELUS from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Friday, November 17th. Finally, Scotiabank upgraded TELUS from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company's stock. Finally, BlackRock Inc. lifted its position in BCE by 35.8% during the second quarter. The company now has a consensus rating of "Buy" and an average target price of $56.00. The stock had a trading volume of 1,210,000 shares, compared to its average volume of 943,852.

Analysts expect that BCE Inc. This is a boost from BCE's previous quarterly dividend of $0.56. Cetera Investment Advisers now owns 12,643 shares of the utilities provider's stock worth $570,000 after purchasing an additional 629 shares during the last quarter. APG Asset Management N.V. now owns 4,492,016 shares of the utilities provider's stock worth $209,976,000 after acquiring an additional 2,481,400 shares during the period. The institutional investor purchased 157,052 shares of the utilities provider's stock, valued at approximately $7,062,000.

ILLEGAL ACTIVITY NOTICE: "TELUS Co". If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of worldwide copyright laws.

Telus seems to have held its own in wireless against Bell during the quarter in terms of market share.

TELUS Corporation (TELUS) is a telecommunications company. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Related Articles:



« Previous article
Next article »


Popular Pages

South Korean president to meet Kim Jong Un's sister during Olympics
She will be the first member of the ruling North Korean Kim family to visit the South since the end of the Korean War in 1953. But any hopes that the diplomatic dance would lead to talks over Kim's weapons program were tempered by shows of force.

Behind-the-scenes video confirms June 5 launch date for Vampyr
The goal is to create a total immersion, which is why they also used motion capture to create realistic facial animations. Set in 1918, Vampyr follows a doctor-turned-vampire in London during the Spanish Flu epidemic.

Oil prices fall as US output soars above 10 million bpd
We will remind, the global energy Agency warned that the United States is prepared "explosive" growth of oil production. Brent crude was trading at $65.05 per barrel at 10:40 GMT, down 52 cents, or 0.7 percent.

Trump On Rob Porter's Resignation: 'We Wish Him Well'
He is so tall and white and handsome and such a joy to work with, nobody would ever suspect he could be abusive. Why is the focus on Porter and not on the women? And everybody knows women can be vindictive and unreliable.

Falcon Heavy changes the game
A mannequin dressed in a "real deal" SpaceX spacesuit _ dubbed " Starman " by Musk _ is strapped in behind the car's wheel. Barnum and Werner von Braun, SpaceX staged the first flight test of its new Falcon Heavy rocket on Tuesday.

Storm gives Midwest schoolchildren a rare snow day
Snow across southern and central MI ranged from 7 inches on the western side of the state to about 5 inches in the Detroit area. By early Friday , more than 100 flights were canceled at Detroit Metropolitan Airport in Romulus, Michigan.

Tonga's oiled-up flag bearer will compete at the 2018 Winter Olympics
The athlete will compete as a cross-country skier in the games, and he perviously said: "I want to still be alive for my race". He has since lost 15kg of fat and muscle, although he still weighs at least 20kg more than his competitors.

FSB detains Sarov nuclear center engineers for cryptocurrency mining
Provide computer processing power to the crypto system, and you're rewarded in bitcoin . One Russian businessman reportedly bought two power stations to mine digital coins.

Sells 4988 Shares of NVIDIA Co. (NVDA)
It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 55 funds opened positions while 118 raised stakes. Following the transaction, the director now owns 14,350 shares of the company's stock, valued at approximately $2,268,448.

NASA's New Horizons satellite snaps farthest image ever made from Earth
The spacecraft's camera will continue to set image records as it flies by a Kuiper belt object called 2014 MU69 in January 2019. The images of 2012 HZ84 and 2012 HE85 provide vital context to the understudied bodies at the solar system's bleeding edge.