Telus Reports Higher Q4 Profit of $282 Million

Fred Lum  The Globe and Mail

Fred Lum The Globe and Mail

BCE Inc (BCE.TO) posted a quarterly profit that narrowly beat analysts' estimates on Thursday, as higher additions in its postpaid wireless business offset a rise in expenses. Desjardins downgraded shares of BCE from a buy rating to a hold rating in a research report on Friday, January 12th. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.47 and a current ratio of 0.51.

Shares of BCE Inc. Royal Bank of Canada upgraded TELUS from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $47.00 to $51.00 in a report on Friday, November 10th. ARP Americas LLC grew its position in shares of TELUS by 18.7% in the 3rd quarter. They issued a "hold" rating on the stock. Summit Global Investments lifted its holdings in shares of BCE by 27.5% in the second quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider's stock worth $203,000 after purchasing an additional 16 shares during the last quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider's stock worth $226,000 after buying an additional 1,833 shares during the period. BCE, Inc. has a one year low of $41.83 and a one year high of $48.27. Alliancebernstein L.P. now owns 61,084 shares of the utilities provider's stock valued at $2,751,000 after purchasing an additional 7,426 shares in the last quarter. TD Securities raised shares of TELUS from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 18.14 and a beta of 0.35.

BCE shares rose 80 cents, or 1.4 per cent, to $57.51 in morning trading on the TSX. Analysts predict that BCE, Inc. will post $2.76 EPS for the current year.

Excluding items, the company earned 76 cents per share, beating the average analyst estimate by 1 cent, according to Thomson Reuters I/B/E/S.


(TU, T.TO) said its board of directors has declared a quarterly dividend of C$0.5050 per share on the issued and outstanding common shares payable on April 2, 2018 to holders of record at the close of business on March 9, 2018. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.42%. Wealthcare Advisory Partners LLC acquired a new stake in BCE in the third quarter worth about $116,000.

Telus has been spending heavily to attract more wireless subscribers amid fierce competition from BCE Inc, Shaw Communications and Rogers Communication. Wells Fargo & Company MN now owns 3,170,049 shares of the utilities provider's stock valued at $148,454,000 after purchasing an additional 44,251 shares in the last quarter. The company now has a consensus rating of "Buy" and a consensus target price of $45.14. If you are viewing this news story on another site, it was illegally copied and republished in violation of global copyright law.

BCE Inc is a communications company. "(NYSE:BCE) Purchased by Dean Capital Investments Management LLC" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data.

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