BCE Inc. (TSE:BCE) (NYSE:BCE) was down 0.1% during trading on Friday . The stock traded as low as C$61.42 and last traded at C$61.51. Approximately 238,867 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,356,358 shares. The stock had previously closed at C$61.56.
Several equities research analysts have recently commented on BCE shares. J P Morgan Chase & Co boosted their target price on shares of BCE from C$65.00 to C$68.00 in a research note on Monday, November 6th. Desjardins lifted their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Barclays PLC lifted their price target on BCE from C$64.00 to C$65.00 in a report on Friday, November 3rd. Citigroup Inc. lifted their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Finally, TD Securities cut their price target on BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a report on Monday, September 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. BCE currently has a consensus rating of “Buy” and a consensus target price of C$62.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.717 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.87 annualized dividend and a yield of 4.66%. BCE’s dividend payout ratio is currently 87.77%.
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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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