BCE Inc. (TSE:BCE) (NYSE:BCE) Director Robert Simmonds sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of C$18.67, for a total transaction of C$46,675.00.
Robert Simmonds also recently made the following trade(s):
- On Monday, November 19th, Robert Simmonds purchased 2,200 shares of BCE stock. The stock was acquired at an average price of C$55.49 per share, for a total transaction of C$122,078.00.
TSE:BCE traded up C$0.13 during trading hours on Friday, hitting C$55.92. The stock had a trading volume of 368,134 shares, compared to its average volume of 1,559,216. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 115.69. BCE Inc. has a 1-year low of C$50.72 and a 1-year high of C$62.90.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 5.40%. The ex-dividend date is Thursday, December 13th. BCE’s dividend payout ratio (DPR) is 97.75%.
Several research analysts recently commented on the stock. CIBC cut their price target on shares of BCE from C$59.00 to C$58.00 in a report on Friday, August 3rd. TD Securities cut their price target on shares of BCE from C$57.00 to C$56.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Desjardins raised shares of BCE from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Morgan Stanley lowered their price objective on shares of BCE from C$62.00 to C$59.00 in a research report on Friday, August 31st. Finally, Royal Bank of Canada lowered their price objective on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$59.79.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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