BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$37.31.
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of BCE from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Scotia raised their price target on shares of BCE from C$39.00 to C$40.00 and gave the company a “sector outperform” rating in a research report on Friday, August 7th. TD raised shares of BCE from a “hold” rating to a “buy” rating and set a C$37.00 price objective for the company in a report on Thursday, July 2nd. Canaccord Genuity Group cut their price objective on shares of BCE from C$35.00 to C$33.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, Desjardins decreased their price objective on shares of BCE from C$43.50 to C$41.00 and set a “buy” rating for the company in a research report on Friday, August 7th.
View Our Latest Stock Report on BCE
BCE Stock Down 0.8%
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$6.18 billion during the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. As a group, sell-side analysts expect that BCE will post 3.1120864 EPS for the current year.
BCE Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, June 15th. BCE’s payout ratio is currently 25.96%.
Insiders Place Their Bets
In related news, insider Thierry Chaumont sold 4,110 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$33.59, for a total value of C$138,054.90. Insiders own 0.02% of the company’s stock.
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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