BCE non-executive (NYSE: BCE) buys shares


Yesterday, the Non-Executive of BCE (AEC – Research Report), Jennifer Anne Tory, bought shares of BCE for $ 144.5K.

As a result of this transaction, Jennifer Anne Tory’s interest in the company was increased by 2419% to a total of $ 119,000. This is Tory’s first trade since reporting a sell trade on RY in November 2017

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According to BCE’s latest earnings report for the quarter ending June 30, the company posted quarterly revenues of $ 5.7 billion and quarterly net income of $ 717 million. By comparison, last year the company achieved sales of $ 5.35 billion and net profit of $ 271 million. The company has a one-year high of $ 51.39 and a one-year low of $ 39.91. Currently, BCE has an average volume of 896.88K.

Five different companies, including National Bank and Scotiabank, also currently have a buy rating on the stock. Based on 8 analyst ratings, analyst consensus is moderate buy with an average price target of $ 49.50, reflecting a rise of 1.9%.

In the past 30 days, insiders have sold $ 2.7 million in BCE shares and purchased $ 144.5,000 in BCE shares. Insider sentiment on BCE has been negative according to 65 insider trades over the past three months. This sentiment is lower than the average sentiment of insiders of companies in this sector.

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BCE Inc., formerly Bell Canada Enterprises Inc., is Canada’s largest communications company. The company provides advanced broadband communications networks, wireless, wireline and Internet services to residential, commercial and wholesale customers nationwide. It also offers television (TV) services, including conventional television, specialty television, pay television and streaming services, as well as digital media, broadcasting and outdoor advertising services.

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