BCE Inc. (BCE) Given Consensus Recommendation of “Hold” by Brokerages
BCE Inc. (TSE:BCE) (NYSE:BCE) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$60.70.
A number of research firms have commented on BCE. Royal Bank of Canada lifted their target price on BCE from C$60.00 to C$61.00 in a report on Tuesday, April 9th. Cormark lifted their target price on BCE from C$59.00 to C$61.00 in a report on Friday, February 8th. Desjardins lifted their target price on BCE from C$63.00 to C$66.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Echelon Wealth Partners reissued a “hold” rating on shares of BCE in a report on Friday, February 8th. Finally, TD Securities lifted their target price on BCE from C$56.00 to C$58.00 and gave the stock a “hold” rating in a report on Friday, February 8th.
Shares of BCE traded up C$0.22 on Tuesday, reaching C$60.28. The stock had a trading volume of 1,735,622 shares, compared to its average volume of 1,931,806. The stock has a market cap of $53.96 billion and a PE ratio of 19.45. The company has a quick ratio of 0.42, a current ratio of 0.56 and a debt-to-equity ratio of 117.96. BCE has a 12-month low of C$50.72 and a 12-month high of C$60.99.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.76. BCE’s payout ratio is currently 97.45%.
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. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
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