BCE (TSE:BCE) PT Raised to C$64.00

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BCE (TSE:BCE) (NYSE:BCE) had its price target boosted by TD Securities from C$63.00 to C$64.00 in a research report report published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on BCE. National Bank Financial boosted their target price on BCE from C$58.00 to C$60.00 and gave the stock a sector perform rating in a research report on Thursday, July 4th. Citigroup downgraded BCE from a buy rating to a neutral rating and set a C$60.00 target price for the company. in a research report on Friday, May 3rd. Desjardins downgraded BCE from a buy rating to a hold rating and dropped their target price for the stock from C$66.00 to C$65.00 in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price on BCE from C$62.00 to C$63.00 in a research report on Friday. Finally, Royal Bank of Canada boosted their price objective on BCE from C$61.00 to C$62.00 in a research report on Friday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. BCE currently has a consensus rating of Hold and an average target price of C$61.82.

TSE:BCE opened at C$60.97 on Friday. The stock has a 50 day moving average price of C$60.10. The company has a market cap of $54.80 billion and a P/E ratio of 18.76. BCE has a 1-year low of C$50.72 and a 1-year high of C$62.75. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 135.01.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.793 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.17 annualized dividend and a yield of 5.20%. This is an increase from BCE’s previous quarterly dividend of $0.79. BCE’s payout ratio is presently 97.54%.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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