BCE Inc. (TSE:BCE) Receives C$52.15 Average Price Target from Brokerages

Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have earned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$52.00.

BCE has been the subject of several analyst reports. TD Securities reduced their target price on BCE from C$48.00 to C$47.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Barclays reduced their target price on BCE from C$52.00 to C$48.00 in a report on Tuesday, April 9th. Scotiabank reduced their target price on BCE from C$53.25 to C$53.00 and set a “sector perform” rating for the company in a report on Friday, May 3rd. BMO Capital Markets upped their target price on BCE from C$46.00 to C$47.00 and gave the company a “market perform” rating in a report on Wednesday, June 12th. Finally, National Bankshares reduced their target price on BCE from C$52.00 to C$50.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th.

BCE Trading Down 0.1 %

Shares of BCE stock opened at C$44.31 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 184.91. The firm has a market cap of C$40.42 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. The business has a fifty day simple moving average of C$45.86 and a 200-day simple moving average of C$48.73. BCE has a fifty-two week low of C$43.96 and a fifty-two week high of C$60.60.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.72 earnings per share for the quarter, meeting the consensus estimate of C$0.72. The business had revenue of C$6.01 billion during the quarter, compared to analyst estimates of C$6.09 billion. BCE had a return on equity of 9.36% and a net margin of 7.88%. On average, equities analysts forecast that BCE will post 3.0157895 EPS for the current fiscal year.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be given a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 9.01%. The ex-dividend date is Friday, June 14th. BCE’s payout ratio is 207.81%.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.