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The latest update is out from BCE ( (TSE:BCE) ).
BCE Inc. announced that none of its Series R Preferred Shares will be converted into Series Q Preferred Shares due to insufficient tendering by shareholders. As a result, the Series R Preferred Shares will remain listed on the Toronto Stock Exchange and will continue to pay a fixed quarterly cash dividend at an annual rate of 4.733% for the next five years. This decision maintains the status quo for existing shareholders and ensures the continuity of dividend payments.
The most recent analyst rating on (TSE:BCE) stock is a Sell with a C$21.00 price target. To see the full list of analyst forecasts on BCE stock, see the TSE:BCE Stock Forecast page.
Spark’s Take on TSE:BCE Stock
According to Spark, TipRanks’ AI Analyst, TSE:BCE is a Neutral.
BCE’s overall score is driven by strong earnings call performance and attractive valuation metrics. Financial performance is stable but hindered by high leverage. Technical analysis suggests caution, but the strategic focus on fiber and AI solutions provides a positive long-term outlook.
To see Spark’s full report on TSE:BCE stock, click here.
More about BCE
BCE is Canada’s largest communications company, leading in advanced fibre and wireless networks, enterprise services, and digital media. The company focuses on delivering next-generation technology through cloud-based and AI-driven solutions, keeping customers connected, informed, and entertained while enabling businesses to compete globally.
Average Trading Volume: 3,510,980
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$29.85B
For a thorough assessment of BCE stock, go to TipRanks’ Stock Analysis page.