BCE Inc. (TSE:BCE) (NYSE:BCE)‘s stock had its “hold” rating reaffirmed by equities research analysts at TD Securities in a note issued to investors on Monday. They currently have a C$59.00 price objective on the stock. TD Securities’ price target points to a potential upside of 1.20% from the stock’s previous close.

Several other research firms have also recently weighed in on BCE. CIBC boosted their price target on shares of BCE from C$59.00 to C$60.00 in a report on Monday. Royal Bank of Canada cut their price target on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a report on Friday, February 3rd. Desjardins boosted their price target on shares of BCE from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Canaccord Genuity cut their price target on shares of BCE from C$64.00 to C$60.00 in a report on Friday, February 3rd. Finally, National Bank Financial cut their price target on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$61.31.

Analyst Recommendations for BCE (TSE:BCE)

BCE (TSE:BCE) traded down 1.51% on Monday, reaching $57.42. 1,512,106 shares of the company’s stock traded hands. BCE has a 52-week low of $56.80 and a 52-week high of $63.41. The company’s 50 day moving average is $58.16 and its 200-day moving average is $58.97. The stock has a market cap of $50.02 billion and a price-to-earnings ratio of 17.24.

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Wednesday, March 15th will be issued a dividend of $0.7175 per share. The ex-dividend date is Monday, March 13th. This is a boost from BCE’s previous quarterly dividend of $0.68. This represents a $2.87 annualized dividend and a yield of 4.92%.

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In other BCE news, Director Charles Brown sold 81,807 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of C$57.99, for a total value of C$4,743,987.93. Also, Director Thomas (Tom) Little sold 10,523 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of C$58.56, for a total transaction of C$616,226.88. Over the last 90 days, insiders have sold 108,818 shares of company stock worth $6,318,827.

About BCE

BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.

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