BCE (BCE) Given New C$64.00 Price Target at Citigroup

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by Citigroup from C$66.00 to C$64.00 in a research note published on Friday.

BCE has been the topic of several other research reports. Royal Bank of Canada increased their target price on BCE from C$61.00 to C$62.00 and gave the company a sector perform rating in a research report on Friday, November 3rd. National Bank Financial increased their target price on BCE from C$61.00 to C$64.00 and gave the company an outperform rating in a research report on Friday, November 3rd. Barclays increased their target price on BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd. Desjardins increased their target price on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Finally, Scotiabank increased their target price on BCE from C$60.00 to C$61.00 and gave the company a sector perform rating in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$62.25.

BCE (TSE BCE) opened at C$55.82 on Friday. BCE has a 52 week low of C$54.44 and a 52 week high of C$63.00. The stock has a market capitalization of $50,290.00, a P/E ratio of 17.28 and a beta of -0.08.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.74 by C$0.02. BCE had a return on equity of 20.55% and a net margin of 14.39%. The company had revenue of C$5.96 billion for the quarter, compared to analysts’ expectations of C$5.95 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.72. BCE’s dividend payout ratio is currently 87.77%.

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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.

Analyst Recommendations for BCE (TSE:BCE)

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