BCE (TSE:BCE – Free Report) (NYSE:BCE) had its target price hoisted by Canaccord Genuity Group from C$50.00 to C$52.00 in a report released on Thursday morning, BayStreet.CA reports.
Other equities research analysts have also issued reports about the stock. Desjardins raised their price objective on shares of BCE from C$48.00 to C$51.00 and gave the stock a hold rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of BCE from C$46.00 to C$47.00 and gave the company a neutral rating in a research report on Friday, August 2nd. TD Securities increased their price target on BCE from C$47.00 to C$48.00 and gave the company a hold rating in a research report on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of BCE from C$51.00 to C$53.00 in a research note on Thursday. Finally, Cormark cut their price target on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of C$51.17.
Check Out Our Latest Stock Analysis on BCE
BCE Trading Down 1.6 %
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The business had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.07 billion.
BCE Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a $0.998 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Monday, September 16th. BCE’s dividend payout ratio is presently 185.58%.
About BCE
BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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