Credit Suisse AG Raises Position in BCE, (NYSE:BCE)

Ausiliatrice Cristiano
Luglio 14, 2017

Oppenheimer Asset Management Inc. purchased a new stake in BCE, Inc.

Credit Suisse AG boosted its position in stocks of BCE, (NYSE:BCE) (TSE:BCE) by 1.3% during the Q1, based on a filing with the securities and exchange commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP now owns 13,247,536 shares of the utilities provider's stock worth $584,936,000 after buying an additional 244,009 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in BCE by 11.9% in the first quarter. Bank of America Corp DE now owns 6,384,703 shares of the utilities provider's stock worth $282,651,000 after buying an additional 1,311,603 shares during the last quarter.

About BCE BCE Inc is a communications company. Vanguard Group Inc. now owns 6,839,144 shares of the utilities provider's stock worth $302,769,000 after buying an additional 564,047 shares during the last quarter. FMR LLC boosted its position in shares of BCE by 3.6% in the first quarter. About 4,050 shares traded. FNY Partners Fund LP purchased a new stake in BCE during the first quarter valued at about $168,000.

BCE, Inc. has a 1-year low of $41.83 and a 1-year high of $49.03.

The share price of the company (NYSE:BCE) was down -0.24%, with a high of 45.20 during the day and the volume of BCE, Inc. shares traded was 415759.

BCE, Inc. has a 50 day moving average of 44.92 and a 200 day moving average of 44.43. The stock has a market cap of $40.46 billion, a PE ratio of 17.79 and a beta of 0.36.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $0.66 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.65 by $0.01. The business had revenue of $5.38 billion for the quarter, compared to analysts' expectations of $5.37 billion. BCE had a net margin of 13.36% and a return on equity of 22.03%. BCE's revenue for the quarter was up 2.2% on a year-over-year basis. They expect $0.89 earnings per share, 0.00 % or $0.00 from last year's $0.89 per share.

BidaskClub upgraded shares of BCE, Inc.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Moreover, Edge Wealth Management Llc has 0.11% invested in the company for 23,585 shares. The ex-dividend date of this dividend is Tue, Jun 13th. BCE's payout ratio is presently 85.89%.

The current assessment for BCE Inc. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and global copyright and trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/13/11180-shares-in-bce-inc-bce-acquired-by-summit-global-investments-updated-updated.html. Barclays began coverage on BCE in a note on Tue, Mar 21st. The company was upgraded on Thursday, April 6 by Citigroup. Finally, Zacks Investment Research raised shares of BCE from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research report on Thursday. Canaccord Genuity set a $60.00 price objective on BCE and gave the stock a "hold" rating in a report on Tuesday, May 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. They now have a United States dollars 60 price target on the stock.

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