Shares of BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) reached a new 52-week low on Thursday. The company traded as low as C$28.14 and last traded at C$28.30, with a volume of 2200176 shares trading hands. The stock had previously closed at C$28.97.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Scotiabank decreased their target price 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. TD upped their price target on shares of BCE from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Desjardins increased their price objective on shares of BCE from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Scotia lifted their target price on shares of BCE from C$39.00 to C$40.00 and gave the company a “sector outperform” rating in a research note on Friday, August 7th. Finally, Raymond James Financial set a C$37.00 target price on shares of BCE and gave the stock a “market perform” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$37.69.
Get Our Latest Research Report on BCE
BCE Stock Down 2.4%
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last released its 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. On average, equities analysts predict that BCE Inc. will post 3.1120864 EPS for the current fiscal year.
BCE Announces Dividend
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 paid a $0.4375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.75 annualized dividend and a yield of 6.2%. BCE’s payout ratio is presently 25.96%.
Insider Buying and Selling at BCE
In other news, Director Louis Vachon acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of C$30.63 per share, for a total transaction of C$306,300.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately C$3,063,000. This trade represents a 11.11% increase in their position. 0.02% of the stock is currently owned by 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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