Shares of BCE Inc. (NYSE:BCE) (TSE:BCE) have earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $55.80.
BCE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday. Bank of America initiated coverage on shares of BCE in a research note on Tuesday, November 21st. They set a “buy” rating and a $54.00 price objective on the stock. Morgan Stanley increased their price objective on shares of BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Desjardins downgraded shares of BCE from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Canaccord Genuity restated a “hold” rating and issued a $60.00 price target on shares of BCE in a research report on Thursday, November 2nd.
Several institutional investors have recently bought and sold shares of BCE. Wealthcare Advisory Partners LLC bought a new position in shares of BCE in the 3rd quarter worth about $116,000. Quantbot Technologies LP bought a new position in shares of BCE in the 3rd quarter worth about $190,000. Howland Capital Management LLC bought a new position in shares of BCE in the 3rd quarter worth about $202,000. WFG Advisors LP lifted its position in shares of BCE by 0.4% in the 2nd quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider’s stock worth $203,000 after buying an additional 16 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of BCE by 1,416.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,548 shares of the utilities provider’s stock worth $207,000 after buying an additional 3,314 shares during the last quarter. Institutional investors own 44.51% of the company’s stock.
BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. BCE had a net margin of 12.78% and a return on equity of 20.15%. research analysts predict that BCE will post 2.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 15th were given a $0.558 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.23 dividend on an annualized basis and a dividend yield of 4.81%. BCE’s payout ratio is currently 88.46%.
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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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