BCE Inc. (TSE:BCE) Stock Has Average Target Price of C$37.69

by · The Markets Daily

BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$37.46.

Several equities analysts have weighed in on the company. Scotia raised their price target on BCE from C$39.00 to C$40.00 and gave the company a “sector outperform” rating in a report on Friday, August 7th. Canaccord Genuity Group decreased their price objective on BCE from C$35.00 to C$33.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Morgan Stanley upgraded BCE from an “underweight” rating to an “equal weight” rating and increased their target price for the company from C$31.00 to C$35.00 in a research report on Tuesday, July 21st. Desjardins raised their target price on shares of BCE from C$41.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Finally, Scotiabank reduced their price target on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 7th.

View Our Latest Stock Analysis on BCE

Insider Activity at BCE

In other BCE news, Director Louis Vachon acquired 10,000 shares of the company’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of C$30.63 per share, with a total value of C$306,300.00. Following the purchase, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$3,063,000. This represents a 11.11% increase in their position. 0.02% of the stock is owned by insiders.

BCE Trading Down 0.6%

Shares of BCE stock opened at C$28.17 on Friday. The firm has a market cap of C$26.27 billion, a price-to-earnings ratio of 4.18, a PEG ratio of 4.67 and a beta of 0.37. The business has a 50-day moving average price of C$31.49 and a 200-day moving average price of C$32.44. The company has a quick ratio of 0.43, a current ratio of 0.73 and a debt-to-equity ratio of 175.06. BCE has a twelve month low of C$28.14 and a twelve month high of C$36.25.

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$6.18 billion for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. Equities research analysts anticipate that BCE will post 3.1120864 EPS for the current fiscal year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.4375 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.75 annualized dividend and a yield of 6.2%. BCE’s dividend payout ratio (DPR) is 25.96%.

About BCE

(Get Free Report)

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.

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