Analysts Set BCE Inc. (TSE:BCE) Target Price at C$55.81

BCE Inc. (TSE:BCEGet Free Report) (NYSE:BCE) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$55.81.

A number of analysts have recently issued reports on the stock. National Bankshares reduced their price objective on shares of BCE from C$58.00 to C$55.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. TD Securities cut their target price on shares of BCE from C$55.00 to C$51.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Canaccord Genuity Group cut their target price on shares of BCE from C$57.00 to C$55.00 and set a “buy” rating for the company in a research note on Friday, February 9th. CIBC cut their target price on shares of BCE from C$56.00 to C$54.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, BMO Capital Markets cut their target price on shares of BCE from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, February 9th.

View Our Latest Research Report on BCE

BCE Price Performance

BCE stock opened at C$46.31 on Friday. The firm’s 50-day moving average price is C$51.91 and its two-hundred day moving average price is C$52.74. BCE has a 12-month low of C$45.40 and a 12-month high of C$65.66. The stock has a market capitalization of C$42.25 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.90 and a beta of 0.47. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98.

BCE (TSE:BCEGet Free Report) (NYSE:BCE) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the consensus estimate of C$0.73 by C$0.03. The business had revenue of C$6.47 billion for the quarter, compared to analyst estimates of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%. As a group, equities analysts predict that BCE will post 2.933758 earnings per share for the current year.

BCE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be given a dividend of $0.998 per share. This is a boost from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 annualized dividend and a yield of 8.62%. The ex-dividend date is Thursday, March 14th. BCE’s dividend payout ratio (DPR) is presently 175.00%.

BCE Company Profile

(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.

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Analyst Recommendations for BCE (TSE:BCE)

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