BCE Inc. (BCE) Receives C$59.45 Average Target Price from Analysts

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Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have received an average rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$59.45.

Several research analysts have recently issued reports on the company. CIBC lowered their price objective on BCE from C$61.00 to C$59.00 in a research report on Friday, May 4th. Desjardins lowered their price objective on BCE from C$62.00 to C$61.00 in a research report on Friday, May 4th. JPMorgan Chase & Co. lowered their price objective on BCE to C$62.00 in a research report on Monday, May 7th. Scotiabank lowered their price objective on BCE from C$59.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Friday, May 4th. Finally, Barclays lowered their price objective on BCE from C$52.00 to C$50.00 in a research report on Friday, May 4th.

BCE traded down C$0.09, hitting C$55.25, on Friday, according to MarketBeat Ratings. 146,407 shares of the company were exchanged, compared to its average volume of 1,605,320. BCE has a twelve month low of C$52.90 and a twelve month high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Thursday, May 3rd. The company reported C$0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.81 by C($0.01). BCE had a return on equity of 20.55% and a net margin of 14.39%. The company had revenue of C$5.59 billion for the quarter, compared to analyst estimates of C$5.60 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Friday, June 15th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $3.02 annualized dividend and a dividend yield of 5.47%.

BCE Company Profile

BCE Inc, a telecommunications and media 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 communications products and services.

Analyst Recommendations for BCE (TSE:BCE)

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