TD Securities Boosts BCE (TSE:BCE) Price Target to C$65.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective increased by TD Securities from C$64.00 to C$65.00 in a research note published on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also recently weighed in on BCE. Citigroup cut BCE from a buy rating to a neutral rating and set a C$60.00 target price for the company. in a research note on Friday, May 3rd. CIBC boosted their target price on BCE from C$59.00 to C$60.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut BCE from an outperform rating to a neutral rating and decreased their target price for the stock from C$63.00 to C$60.00 in a research note on Monday, July 8th. National Bank Financial boosted their target price on BCE from C$58.00 to C$60.00 and gave the stock a sector perform rating in a research note on Thursday, July 4th. Finally, Desjardins cut BCE from a buy rating to a hold rating and decreased their target price for the stock from C$66.00 to C$65.00 in a research note on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of C$61.91.

Shares of BCE opened at C$61.97 on Tuesday. The stock has a 50-day simple moving average of C$60.71 and a 200-day simple moving average of C$59.88. The company has a debt-to-equity ratio of 135.01, a quick ratio of 0.45 and a current ratio of 0.57. The stock has a market capitalization of $55.78 billion and a PE ratio of 19.07. BCE has a 1 year low of C$50.72 and a 1 year high of C$62.75.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a dividend of $0.793 per share. This is a boost from BCE’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, September 13th. This represents a $3.17 annualized dividend and a yield of 5.12%. BCE’s payout ratio is presently 95.23%.

BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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