BCE Inc. (TSE:BCE) Given Consensus Rating of “Hold” by Brokerages

Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$63.30.

A number of equities analysts recently commented on BCE shares. BMO Capital Markets lifted their price objective on BCE from C$63.00 to C$65.00 in a research report on Monday, September 9th. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$60.00 to C$67.00 in a research report on Friday, September 20th. CIBC lifted their price objective on BCE from C$60.00 to C$62.00 in a research report on Friday, November 8th. Citigroup lifted their price objective on BCE from C$60.00 to C$62.00 in a research report on Friday, November 1st. Finally, TD Securities lifted their price objective on BCE from C$65.00 to C$66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd.

BCE stock traded up C$0.39 during trading on Wednesday, reaching C$63.93. 1,405,216 shares of the company were exchanged, compared to its average volume of 1,729,075. BCE has a 52-week low of C$53.05 and a 52-week high of C$65.45. The company has a market capitalization of $57.77 billion and a P/E ratio of 19.33. The company has a debt-to-equity ratio of 127.80, a current ratio of 0.60 and a quick ratio of 0.47. The stock’s 50 day simple moving average is C$63.30 and its two-hundred day simple moving average is C$62.11.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.91 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.93 by C($0.02). The company had revenue of C$5.98 billion during the quarter, compared to analysts’ expectations of C$5.96 billion. During the same quarter last year, the firm posted $0.68 EPS. As a group, equities analysts forecast that BCE will post 3.7100003 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a $0.7925 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.17 dividend on an annualized basis and a yield of 4.96%. BCE’s dividend payout ratio is currently 94.72%.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Analyst Recommendations for BCE (TSE:BCE)

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