Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$62.21.
BCE has been the topic of a number of recent analyst reports. Citigroup Inc. lifted their price objective on BCE from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Scotiabank lifted their price objective on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Friday, April 21st. TD Securities reaffirmed a “hold” rating and issued a C$59.00 price objective on shares of BCE in a research note on Monday, April 24th. Royal Bank Of Canada lifted their price objective on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 27th. Finally, National Bank Financial lifted their price objective on BCE from C$59.00 to C$61.00 in a research note on Thursday, April 27th.
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In other BCE news, Director John Watson sold 81,807 shares of BCE stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of C$61.90, for a total value of C$5,063,853.30.
Shares of BCE (TSE BCE) traded down 0.29% during mid-day trading on Tuesday, hitting $58.53. The stock had a trading volume of 965,114 shares. The stock’s 50-day moving average is $59.17 and its 200-day moving average is $59.33. BCE has a 1-year low of $56.80 and a 1-year high of $63.40. The firm has a market capitalization of $52.65 billion and a PE ratio of 17.79.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Saturday, July 15th were issued a $0.7175 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.87 dividend on an annualized basis and a yield of 4.90%.
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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