Shares of Bell Canada (TSE:BCE) (NYSE:BCE) have earned an average rating of “Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$59.67.
BCE has been the subject of several recent analyst reports. National Bank Financial reduced their target price on Bell Canada from C$63.00 to C$60.00 and set an “outperform” rating for the company in a research report on Tuesday, April 24th. JPMorgan Chase reduced their target price on Bell Canada from C$68.00 to C$62.00 in a research report on Monday, February 12th. Scotiabank reduced their target price on Bell Canada from C$61.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. BMO Capital Markets restated an “outperform” rating and set a C$61.00 target price on shares of Bell Canada in a research report on Friday, February 9th. Finally, TD Securities reduced their target price on Bell Canada from C$59.00 to C$58.00 in a research report on Friday, February 9th.
Bell Canada stock traded up C$0.22 during midday trading on Monday, hitting C$54.00. 2,101,873 shares of the company’s stock were exchanged, compared to its average volume of 1,683,560. Bell Canada has a 52-week low of C$52.90 and a 52-week high of C$62.90.
Bell Canada (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.74 by C$0.02. Bell Canada had a return on equity of 20.55% and a net margin of 14.39%. The business had revenue of C$5.96 billion during the quarter, compared to analysts’ expectations of C$5.95 billion. During the same period in the previous year, the business earned $0.62 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Friday, June 15th will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Thursday, June 14th.
About Bell Canada
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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