Desjardins Raises BCE Inc. (BCE) Price Target to C$66.00
Other equities research analysts have also issued research reports about the stock. National Bank Financial upped their target price on shares of BCE from C$61.00 to C$64.00 and gave the stock an outperform rating in a report on Friday. Royal Bank Of Canada upped their target price on shares of BCE from C$61.00 to C$62.00 and gave the stock a sector perform rating in a report on Friday. Citigroup Inc. upped their target price on shares of BCE from C$65.00 to C$66.00 in a report on Friday. J P Morgan Chase & Co lowered their target price on shares of BCE from C$66.00 to C$65.00 and set an overweight rating on the stock in a report on Friday, August 4th. Finally, Barclays PLC upped their target price on shares of BCE from C$64.00 to C$65.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of C$62.62.
Shares of BCE (BCE) opened at C$60.58 on Friday. BCE has a fifty-two week low of C$56.80 and a fifty-two week high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 3rd. The company reported C$0.88 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of C$5.70 billion for the quarter, compared to analyst estimates of C$5.62 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a $0.717 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.87 annualized dividend and a yield of 4.73%.
In other news, Director Katherine M. Lee acquired 2,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of C$58.91 per share, for a total transaction of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total transaction of C$385,331.40.
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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