BCE Inc. (TSE:BCE) Receives C$37.31 Average PT from Analysts

Shares of BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$37.31.

A number of research analysts have issued reports on BCE shares. Raymond James Financial set a C$37.00 price objective on BCE and gave the company a “market perform” rating in a research note on Thursday, July 16th. Scotia increased their target price on BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 7th. Desjardins reduced their price target on BCE from C$43.50 to C$41.00 and set a “buy” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada lowered their price target on BCE from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Finally, Scotiabank dropped their price target on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 7th.

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BCE Price Performance

Shares of TSE BCE opened at C$32.61 on Wednesday. The company has a 50 day simple moving average of C$31.41 and a two-hundred day simple moving average of C$33.05. BCE has a fifty-two week low of C$29.66 and a fifty-two week high of C$36.25. The company has a market capitalization of C$30.41 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 4.67 and a beta of 0.37. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73.

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$6.18 billion for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. Analysts expect that BCE will post 3.1120864 EPS for the current fiscal year.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, September 15th. BCE’s dividend payout ratio (DPR) is currently 25.96%.

About BCE

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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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