BCE Receives Consensus Rating of “Hold” from Brokerages (TSE:BCE)
Shares of BCE (TSE:BCE) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, Analyst Ratings Network.com reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$50.00.
Shares of BCE (TSE:BCE) traded down 0.12% on Thursday, hitting $49.22. The stock had a trading volume of 153,271 shares. BCE has a 52 week low of $43.11 and a 52 week high of $51.09. The stock has a 50-day moving average of $48.8 and a 200-day moving average of $48.70. The company has a market cap of $38.300 billion and a P/E ratio of 18.60.
BCE (TSE:BCE) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. Analysts expect that BCE will post $3.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Global Maxfin Capital initiated coverage on shares of BCE in a research note on Monday, August 11th. They set a “buy” rating and a C$55.00 price target on the stock. Separately, analysts at CIBC raised their price target on shares of BCE from C$47.00 to C$48.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of BCE from C$51.00 to C$53.00 in a research note on Friday, August 8th. They now have an “overweight” rating on the stock.
BCE Inc is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.