BCE (TSE:BCE) Given New C$63.00 Price Target at BMO Capital Markets

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BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by BMO Capital Markets from C$62.00 to C$63.00 in a report released on Friday, BayStreet.CA reports.

Several other research firms have also recently weighed in on BCE. National Bank Financial upped their price objective on shares of 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. Desjardins cut shares of 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 report on Friday, May 3rd. Royal Bank of Canada increased their target price on shares of BCE from C$61.00 to C$62.00 in a report on Friday. TD Securities raised shares of BCE from a hold rating to a buy rating and set a C$63.00 target price for the company in a report on Tuesday, June 18th. Finally, CIBC increased their target price on shares of BCE from C$59.00 to C$60.00 in a report on Friday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$61.82.

BCE opened at C$60.97 on Friday. BCE has a twelve month low of C$50.72 and a twelve month high of C$62.75. The business’s 50-day moving average price is C$60.10. The company has a debt-to-equity ratio of 135.01, a current ratio of 0.57 and a quick ratio of 0.45. The company has a market capitalization of $54.80 billion and a PE ratio of 18.76.

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

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. 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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Analyst Recommendations for BCE (TSE:BCE)

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