BCE (TSE:BCE – Free Report) (NYSE:BCE) had its price objective increased by JPMorgan Chase & Co. from C$46.00 to C$47.00 in a research report sent to investors on Friday, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on BCE. BMO Capital Markets lifted their target price on BCE from C$46.00 to C$47.00 and gave the stock a market perform rating in a report on Wednesday, June 12th. Cormark dropped their target price on shares of BCE from C$53.00 to C$52.00 in a research report on Friday. CIBC raised shares of BCE from a neutral rating to an outperform rating in a research note on Tuesday, April 23rd. Barclays decreased their price target on shares of BCE from C$52.00 to C$48.00 in a research note on Tuesday, April 9th. Finally, Scotiabank reduced their target price on BCE from C$53.25 to C$53.00 and set a sector perform rating for the company in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$50.33.
BCE Stock Performance
BCE Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.998 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.99 dividend on an annualized basis and a yield of 8.39%. BCE’s dividend payout ratio (DPR) is currently 207.81%.
BCE Company Profile
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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