Telus Reports Higher Q4 Profit of $282 Million

BCE Inc. CEO George Cope looks on during the company's annual general shareholders meeting in Ottawa in April 2017. The company on Thursday said it was boosting its quarterly dividend despite lower fourth-quarter profits

BCE Inc. CEO George Cope looks on during the company's annual general shareholders meeting in Ottawa in April 2017. The company on Thursday said it was boosting its quarterly dividend despite lower fourth-quarter profits

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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