Brokerages Set BCE Inc. (BCE) PT at $62.17

BCE Inc. (TSE:BCE) (NYSE:BCE) has been assigned an average rating of “Buy” from the fourteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$62.17.

Several equities research analysts recently issued reports on the company. National Bank Financial boosted their price target on BCE from C$59.00 to C$61.00 in a research note on Thursday, April 27th. Scotiabank reiterated a “sector perform” rating and issued a C$61.00 price target on shares of BCE in a research note on Thursday, April 27th. Royal Bank Of Canada boosted their price target on BCE from C$60.00 to C$61.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. J P Morgan Chase & Co boosted their price target on BCE from C$64.00 to C$66.00 in a research note on Monday, May 8th. Finally, TD Securities reiterated a “hold” rating and issued a C$59.00 price target on shares of BCE in a research note on Monday, April 24th.

Shares of BCE (TSE:BCE) traded down 0.44% during mid-day trading on Friday, hitting $59.15. The company’s stock had a trading volume of 756,415 shares. The company has a 50-day moving average of $58.58 and a 200 day moving average of $59.40. The company has a market cap of $53.26 billion and a price-to-earnings ratio of 18.26. BCE has a 1-year low of $56.80 and a 1-year high of $63.00.

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 analysts’ consensus estimates of $0.87 by $0.01. BCE had a return on equity of 19.17% and a net margin of 13.47%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.62 billion. On average, analysts expect that BCE will post $3.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be paid a $0.7175 dividend. This represents a $2.87 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, September 14th.

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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.