BCE Inc. (BCE) Given Average Rating of “Buy” by Brokerages

BCE Inc. (TSE:BCE) (NYSE:BCE) has been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$62.82.

Several analysts recently issued reports on the stock. Desjardins downgraded shares of BCE from a “buy” rating to a “hold” rating in a report on Friday. Citigroup upped their price objective on shares of BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Scotiabank upped their price objective on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. TD Securities decreased their price objective on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a report on Monday, September 25th. Finally, Royal Bank of Canada upped their price objective on shares of BCE from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd.

BCE (TSE:BCE) traded down C$0.52 during midday trading on Tuesday, hitting C$57.92. 1,988,200 shares of the company traded hands, compared to its average volume of 1,330,000. The company has a market cap of $52,150.00, a P/E ratio of 17.93 and a beta of 0.01. BCE has a fifty-two week low of C$57.20 and a fifty-two week high of C$63.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a yield of 4.95%. The ex-dividend date is Thursday, December 14th. BCE’s payout ratio is currently 87.77%.

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About BCE

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.

Analyst Recommendations for BCE (TSE:BCE)

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