BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by Cormark from C$59.00 to C$61.00 in a research note issued to investors on Friday. Cormark also issued estimates for BCE’s FY2019 earnings at $3.52 EPS and FY2020 earnings at $3.68 EPS.
Other research analysts also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of BCE from C$59.00 to C$60.00 in a research report on Thursday, November 29th. Barclays decreased their target price on shares of BCE from C$65.00 to C$62.00 in a research report on Friday, November 2nd. Royal Bank of Canada raised their target price on shares of BCE from C$59.00 to C$60.00 in a research report on Friday. Desjardins raised shares of BCE from a hold rating to a buy rating and decreased their target price for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Finally, TD Securities cut their price target on shares of BCE from C$57.00 to C$56.00 and set a hold rating for the company in a research note on Tuesday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. BCE currently has an average rating of Hold and an average price target of C$60.04.
BCE stock traded down C$0.15 during mid-day trading on Friday, reaching C$57.34. The company’s stock had a trading volume of 1,026,800 shares, compared to its average volume of 1,625,044. The company has a market cap of $51.49 billion and a P/E ratio of 18.79. BCE has a 12 month low of C$50.72 and a 12 month high of C$57.70. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 115.69.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.7925 dividend. This represents a $3.17 dividend on an annualized basis and a yield of 5.53%. This is a boost from BCE’s previous quarterly dividend of $0.76. BCE’s dividend payout ratio (DPR) is currently 97.75%.
In other BCE news, Director Michael Cole sold 75,850 shares of the stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of C$56.78, for a total value of C$4,306,763.00. Also, insider Glen Leblanc sold 7,471 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of C$57.00, for a total transaction of C$425,847.00. In the last quarter, insiders sold 85,821 shares of company stock valued at $4,779,285.
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. 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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