BCE Inc. (BCE) Receives C$63.08 Average Target Price from Brokerages

BCE Inc. (TSE:BCE) (NYSE:BCE) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$63.08.

A number of research analysts have commented on BCE shares. TD Securities lowered their price target on BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research report on Monday, September 25th. Citigroup upped their price target on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Royal Bank of Canada upped their price target on BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. National Bank Financial upped their price target on BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Barclays upped their price target on BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd.

BCE (BCE) traded down C$0.52 on Tuesday, reaching C$57.92. The company’s stock had a trading volume of 1,988,200 shares, compared to its average volume of 1,330,000. The company has a market cap of $52,150.00, a price-to-earnings ratio of 17.93 and a beta of 0.01. BCE has a fifty-two week low of C$57.20 and a fifty-two week high of C$63.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a $0.717 dividend. This represents a $2.87 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Thursday, December 14th. BCE’s dividend payout ratio is currently 87.77%.

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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.

Analyst Recommendations for BCE (TSE:BCE)

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