BCE (TSE:BCE) Price Target Raised to C$65.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective increased by BMO Capital Markets from C$63.00 to C$65.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada raised their price target on BCE from C$61.00 to C$62.00 in a report on Friday, August 2nd. JPMorgan Chase & Co. cut BCE from an outperform rating to a neutral rating and lowered their price target for the company from C$63.00 to C$60.00 in a report on Monday, July 8th. TD Securities raised their price target on BCE from C$64.00 to C$65.00 and gave the company a buy rating in a report on Tuesday, August 20th. CIBC raised their price target on BCE from C$59.00 to C$60.00 in a report on Friday, August 2nd. Finally, National Bank Financial raised their price target on BCE from C$58.00 to C$60.00 and gave the company a sector perform rating in a report on Thursday, July 4th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. BCE has an average rating of Hold and a consensus price target of C$62.09.

Shares of TSE BCE opened at C$64.33 on Monday. BCE has a 52 week low of C$50.72 and a 52 week high of C$64.50. The business has a 50-day simple moving average of C$61.74 and a two-hundred day simple moving average of C$60.42. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 135.01. The company has a market cap of $57.15 billion and a P/E ratio of 19.79.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate of C$0.90 by C$0.04. The company had revenue of C$5.93 billion during the quarter, compared to the consensus estimate of C$5.89 billion. Equities research analysts anticipate that BCE will post 3.7099999 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a $0.793 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.17 annualized dividend and a dividend yield of 4.93%. This is a boost from BCE’s previous quarterly dividend of $0.79. BCE’s dividend payout ratio (DPR) 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.

Featured Story: Trading based on a resistance level

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.