Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$62.08.
A number of equities analysts recently issued reports on the stock. TD Securities lowered their price objective on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research report on Monday, September 25th. J P Morgan Chase & Co decreased their price target on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Finally, Scotiabank decreased their price target on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Thursday, July 27th.
BCE (TSE:BCE) traded up 0.18% during trading on Thursday, reaching $59.68. 532,637 shares of the company’s stock traded hands. BCE has a 12 month low of $56.80 and a 12 month high of $63.00. The firm has a 50 day moving average price of $58.74 and a 200-day moving average price of $59.50. The firm has a market cap of $53.73 billion and a PE ratio of 18.42.
BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.87 by C$0.01. The company had revenue of C$5.70 billion for the quarter, compared to analyst estimates of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%. On average, analysts forecast that BCE will post $3.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 15th were paid a $0.7175 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Thursday, September 14th.
In other news, insider Blaik Kirby sold 6,498 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total value of C$385,331.40. Also, Director Katherine M. Lee bought 2,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of C$58.91 per share, with a total value of C$117,820.00.
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BCE Company Profile
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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