BCE Inc. (BCE) Price Target Raised to C$64.00
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price objective boosted by National Bank Financial from C$61.00 to C$64.00 in a research report released on Thursday. National Bank Financial currently has an outperform rating on the stock.
Several other research firms have also commented on BCE. Desjardins increased their price objective on shares of BCE from C$65.00 to C$66.00 in a research report on Friday. J P Morgan Chase & Co lowered their price objective on shares of BCE from C$66.00 to C$65.00 and set an overweight rating for the company in a research report on Friday, August 4th. Scotiabank increased their price objective on shares of BCE from C$60.00 to C$61.00 and gave the company a sector perform rating in a research report on Friday. Barclays PLC increased their price objective on shares of BCE from C$64.00 to C$65.00 in a research report on Friday. Finally, TD Securities lowered their price objective on shares of BCE from C$59.00 to C$58.00 and set a hold rating for the company in a research report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$62.62.
BCE (TSE:BCE) opened at C$60.58 on Thursday. BCE has a 12-month low of C$56.80 and a 12-month high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.01. BCE had a net margin of 14.23% and a return on equity of 20.64%. The business had revenue of C$5.70 billion during the quarter, compared to analyst estimates of C$5.62 billion.
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The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a $0.717 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.87 annualized dividend and a dividend yield of 4.73%.
In other news, insider Blaik Kirby sold 6,498 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total value of C$385,331.40. Also, Director Katherine M. Lee bought 2,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of C$58.91 per share, with a total value of C$117,820.00.
BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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