BCE Inc. (TSE:BCE) Receives C$58.88 Consensus Price Target from Brokerages

BCE Inc. (TSE:BCEGet Free Report) (NYSE:BCE) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$58.23.

BCE has been the subject of a number of analyst reports. CIBC reduced their target price on shares of BCE from C$56.00 to C$55.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. TD Securities lowered their target price on BCE from C$56.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Canaccord Genuity Group boosted their price target on BCE from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. National Bankshares lowered their price target on BCE from C$60.00 to C$56.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Finally, UBS Group reduced their price objective on shares of BCE from C$65.00 to C$55.00 in a report on Tuesday, October 10th.

Read Our Latest Report on BCE

BCE Stock Performance

Shares of BCE opened at C$54.19 on Friday. The company has a debt-to-equity ratio of 162.87, a quick ratio of 0.43 and a current ratio of 0.57. BCE has a 1 year low of C$49.57 and a 1 year high of C$65.66. The firm has a fifty day moving average of C$52.72 and a 200-day moving average of C$56.99. The company has a market cap of C$49.44 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 3.71 and a beta of 0.52.

BCE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.9675 dividend. This is a positive change from BCE’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.87 annualized dividend and a yield of 7.14%. BCE’s payout ratio is 158.61%.

About BCE

(Get Free Report

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

Featured Stories

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.