Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$62.17.
Several equities analysts have issued reports on the company. J P Morgan Chase & Co dropped their price objective on BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Scotiabank dropped their price objective on BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a report on Thursday, July 27th. TD Securities reissued a “hold” rating and set a C$59.00 price target on shares of BCE in a report on Monday, April 24th. Morgan Stanley raised their price target on BCE from C$61.00 to C$62.00 in a report on Wednesday, May 17th. Finally, National Bank Financial raised their price target on BCE from C$59.00 to C$61.00 in a report on Thursday, April 27th.
Shares of BCE (TSE:BCE) traded down 0.51% during mid-day trading on Tuesday, hitting $58.78. The stock had a trading volume of 168,667 shares. BCE has a 12 month low of $56.80 and a 12 month high of $63.38. The stock’s 50-day moving average is $58.58 and its 200 day moving average is $59.38. The company has a market cap of $52.92 billion and a PE ratio of 18.14.
BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.62 billion. BCE had a return on equity of 19.17% and a net margin of 13.47%. On average, equities research analysts forecast that BCE will post $3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 15th will be given a dividend of $0.7175 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.86%.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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