BCE says profit jumped to $770 million in latest quarter

BCE accounts for about 1.8% of Miller Howard Investments Inc. Co's holdings in BCE were worth $9,950,000 as of its most recent SEC filing. FMR LLC lifted its stake in shares of BCE by 13.5% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider's stock valued at $133,000 after buying an additional 16 shares during the last quarter. The firm owned 212,417 shares of the utilities provider's stock after buying an additional 3,790 shares during the quarter.

BCE (NYSE:BCE) is up 1.5% in USA trading following Q3 earnings where it surpassed expectation on wireless subs, helping drive revenues that grew 5% and beat analyst estimates. BCE had a return on equity of 21.08% and a net margin of 12.85%. BCE's quarterly revenue was up 6.7% on a year-over-year basis. The company provided EPS guidance of CAD3.30-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36.

COPYRIGHT VIOLATION WARNING: This story was first published by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The correct version of this piece of content can be accessed at

"It was our best postpaid performance in the past five years", BCE chief executive George Cope said on a call with investors, adding that the rate of customer turnover decreased while average revenue per user (ARPU) grew by 3 per cent to $69.78 per month. BidaskClub raised BCE from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 26th. Finally, Argus assumed coverage on BCE in a report on Tuesday, July 18th. It's a satisfying win for BCE as the previous contract holder was the company's biggest rival Rogers Communications Inc.

The company shares were up 1.8 percent at C$60.54 in morning trading. Finally, Barclays PLC upped their price objective on shares of BCE from $47.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, August 4th. The stock now has an average rating of Hold and a consensus price target of $56.83.

BCE Inc. attracted more wireless, television and Internet customers in the third quarter, boosted by a strong market for mobile subscribers as well as heavy promotion of its residential services as it invests in upgraded fibre-optic networks.

Like this


02 November 2017
Auburn Basketball suspends 2 players indefinitely amid federal investigation
Wiley averaged 8.8 points and 4.7 rebounds last season, starting 22 of 23 games after enrolling in January. Wiley is the son of former Auburn All-American and Hartselle High women's basketball star Vickie Orr.

02 November 2017
Hamas Leader Holds Meeting with Iran-Backed Hezbollah Chief
Hisham Adwan, director of information at the Hamas crossings authority, told AFP that Palestinian Authority employees would have full control of the borders.

02 November 2017
What Are Analysts Report About Petroleo Brasileiro SA - Petrobras (PBR)
Texas Instruments Incorporated , that has shown a discernible change in trend levels over the path of recent market activity. Texas Instruments Incorporated , a U.S. based Company, belongs to Technology sector and Semiconductor - Broad Line industry.

02 November 2017
Swiss Re to start share buyback after $468 mln 9M loss
We expect pricing conditions to improve going forward - not only in reinsurance but also in commercial insurance". Can an industry still awash in capital, even after such significant losses, get the price rises it seeks?

02 November 2017
What Are Analysts Suggestions On Energy Transfer Equity, LP (ETE)
Red Hat, Inc. (NYSE:RHT) [ Trend Analysis ] shares in Thursday trading session moved down -0.02% after traded at $121.23. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

02 November 2017
Max Verstappen to Mercedes: Legendary F1 commentator Murray Walker makes HUGE claim
Max Verstappen's father is confident the 20-year-old has selected a true "top team" to race for through 2020. I've got to raise the game another level in order to stay ahead of him and that motivates me.

02 November 2017
CBS Corporation (CBS.A) Scheduled to Post Quarterly Earnings on Thursday
Of those analysts, 14 rate stock as a Strong Buy, 4 rate it as Hold, and just no analyst rates it as a Moderate Sell. The stock of CBS Corporation (NYSE:CBS) earned "Outperform" rating by Telsey Advisory Group on Friday, February 5.

02 November 2017
President Chuck Staben will remain at the University of Idaho
Stokes has been serving as provost and executive vice chancellor for Academic Affairs at the University of Missouri. It's been almost a year since the former University of New Mexico President Bob Frank abruptly stepped down.

02 November 2017
Europe's favourite fintech TransferWise raises monster $280m round
TransferWise moves $1bn in cash for customers every month, saving $1.5m a day compared with bank transaction. The company is also planning a consumer-focused borderless account and card for Europe in 2018.

02 November 2017
Destiny 2 offline tomorrow afternoon
That issue forced Bungie to cancel Trials of the Nine , Destiny 2's high-intensity weekend Crucible event, for the past two weeks. Destiny 2 is going offline again later today, this time so Bungie can perform server maintenance and launch a new update .