Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$63.30.
BCE has been the topic of several research reports. CIBC upped their price target on BCE from C$60.00 to C$62.00 in a report on Friday, November 8th. TD Securities upped their price target on BCE from C$65.00 to C$66.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. BMO Capital Markets upped their price target on BCE from C$63.00 to C$65.00 in a report on Monday, September 9th. National Bank Financial raised BCE from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$60.00 to C$67.00 in a report on Friday, September 20th. Finally, Citigroup upped their price target on BCE from C$60.00 to C$62.00 in a report on Friday, November 1st.
Shares of TSE BCE traded up C$0.39 during trading on Wednesday, hitting C$63.93. The company had a trading volume of 1,405,216 shares, compared to its average volume of 1,729,075. The company has a market cap of $57.77 billion and a P/E ratio of 19.33. BCE has a 52 week low of C$53.05 and a 52 week high of C$65.45. The business’s 50-day moving average is C$63.30 and its 200 day moving average is C$62.11. The company has a debt-to-equity ratio of 127.80, a quick ratio of 0.47 and a current ratio of 0.60.
BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.93 by C($0.02). The business had revenue of C$5.98 billion during the quarter, compared to the consensus estimate of C$5.96 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, research analysts expect that BCE will post 3.7100003 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, December 13th. BCE’s payout ratio is 94.72%.
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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