BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) reached a new 52-week low on Thursday . The company traded as low as C$30.03 and last traded at C$30.15, with a volume of 4384668 shares changing hands. The stock had previously closed at C$30.55.
Analyst Ratings Changes
Several equities analysts recently issued reports on BCE shares. TD Securities lowered BCE from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$41.00 to C$37.00 in a research report on Thursday, April 2nd. TD upgraded BCE from a “hold” rating to a “buy” rating and set a C$37.00 price objective for the company in a research report on Thursday. Scotiabank increased their price objective on BCE from C$39.50 to C$41.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada raised their target price on shares of BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Finally, Desjardins decreased their target price on shares of BCE from C$41.50 to C$41.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, BCE currently has a consensus rating of “Moderate Buy” and an average price target of C$38.33.
Read Our Latest Analysis on BCE
BCE Stock Down 1.3%
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share (EPS) for the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%.The company had revenue of C$6.17 billion for the quarter. As a group, equities analysts anticipate that BCE Inc. will post 3.1120864 EPS for the current year.
BCE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, June 15th. BCE’s dividend payout ratio is currently 25.85%.
Insiders Place Their Bets
In related news, insider Karine Moses sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$33.25, for a total value of C$116,375.00. Following the completion of the sale, the insider owned 3,712 shares of the company’s stock, valued at C$123,424. This trade represents a 48.53% decrease in their ownership of the stock. Also, insider Thierry Chaumont sold 4,110 shares of BCE stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$33.59, for a total transaction of C$138,054.90. Over the last three months, insiders sold 11,255 shares of company stock worth $376,464. Insiders own 0.02% of the company’s stock.
About BCE
Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.
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