BCE (TSE:BCE – Free Report) (NYSE:BCE) had its target price cut by Canaccord Genuity Group from C$53.00 to C$50.00 in a research note published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other brokerages have also weighed in on BCE. BMO Capital Markets boosted their price objective on BCE from C$46.00 to C$47.00 and gave the stock a market perform rating in a research report on Wednesday, June 12th. National Bankshares lowered their target price on BCE from C$52.00 to C$50.00 and set an outperform rating for the company in a research report on Wednesday, June 26th. Barclays reduced their price target on BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on BCE from C$54.00 to C$47.00 in a research report on Wednesday, April 3rd. Finally, Cormark reduced their target price on BCE from C$58.00 to C$53.00 in a report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$51.31.
Check Out Our Latest Stock Report on BCE
BCE Stock Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its earnings results on Thursday, May 2nd. The company reported C$0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.72. BCE had a return on equity of 9.36% and a net margin of 7.88%. The firm had revenue of C$6.01 billion for the quarter, compared to the consensus estimate of C$6.09 billion. Sell-side analysts expect that BCE will post 3.0157895 EPS for the current fiscal year.
BCE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be given a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Friday, June 14th. BCE’s dividend payout ratio (DPR) is 207.81%.
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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