BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$37.46.
Several analysts recently issued reports on BCE shares. Raymond James Financial set a C$37.00 price target on BCE and gave the company a “market perform” rating in a report on Thursday, July 16th. Canaccord Genuity Group reduced their price objective on BCE from C$35.00 to C$33.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Desjardins upped their target price on BCE from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Scotiabank decreased their target price on BCE from C$41.00 to C$39.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 7th. Finally, National Bank Financial lowered their target price on BCE from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday.
Check Out Our Latest Research Report on BCE
BCE Stock Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. BCE had a net margin of 25.89% and a return on equity of 27.73%. The firm had revenue of C$6.18 billion for the quarter. Equities analysts anticipate that BCE will post 3.1120864 earnings per share for the current year.
BCE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 15th. BCE’s dividend payout ratio is currently 25.96%.
Insider Transactions at BCE
In other news, Director Louis Vachon acquired 10,000 shares of the stock in a transaction on Friday, September 18th. The stock was bought at an average price of C$30.63 per share, with a total value of C$306,300.00. Following the completion of the transaction, the director directly owned 100,000 shares of the company’s stock, valued at C$3,063,000. The trade was a 11.11% increase in their ownership of the stock. 0.02% of the stock is owned by company insiders.
BCE Company Profile
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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