BCE (BCE) PT Lowered to C$59.00 at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by Royal Bank of Canada from C$60.00 to C$59.00 in a research report released on Friday morning. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities analysts have also commented on the company. Morgan Stanley lowered their price objective on BCE from C$62.00 to C$59.00 in a research note on Friday, August 31st. CIBC decreased their price target on BCE from C$59.00 to C$58.00 in a research note on Friday, August 3rd. TD Securities decreased their price target on BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. Desjardins upgraded BCE from a hold rating to a buy rating and decreased their price target for the company from C$60.75 to C$59.50 in a research note on Thursday, October 18th. Finally, Barclays decreased their price target on BCE from C$65.00 to C$62.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. BCE presently has an average rating of Buy and a consensus target price of C$59.79.

BCE stock opened at C$53.15 on Friday. BCE has a one year low of C$50.72 and a one year high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, November 1st. The company reported C$0.96 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.93 by C$0.03. The company had revenue of C$5.88 billion for the quarter, compared to the consensus estimate of C$5.86 billion. During the same quarter last year, the business earned $0.68 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $3.02 annualized dividend and a dividend yield of 5.68%.

BCE Company Profile

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.

Further Reading: Understanding Market Liquidity

Analyst Recommendations for BCE (TSE:BCE)

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