BCE (TSE:BCE) PT Raised to C$48.00 at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its price objective upped by TD Securities from C$47.00 to C$48.00 in a research report report published on Monday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of BCE from C$53.00 to C$50.00 and set a buy rating for the company in a research report on Tuesday, July 9th. CIBC raised shares of BCE from a neutral rating to an outperform rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on shares of BCE from C$47.00 to C$46.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Cormark reduced their price objective on shares of BCE from C$58.00 to C$53.00 in a research report on Thursday, April 18th. Finally, Barclays reduced their price objective on shares of BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, BCE presently has an average rating of Hold and a consensus price target of C$51.38.

BCE Price Performance

TSE:BCE opened at C$45.86 on Monday. BCE has a 1-year low of C$42.58 and a 1-year high of C$58.10. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 184.91. The firm has a fifty day simple moving average of C$45.33 and a 200 day simple moving average of C$47.73. The stock has a market capitalization of C$41.84 billion, a PE ratio of 23.89, a P/E/G ratio of 1.90 and a beta of 0.44.

BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Thursday, May 2nd. The company reported C$0.72 earnings per share for the quarter, meeting the consensus estimate of C$0.72. BCE had a net margin of 7.88% and a return on equity of 9.36%. The business had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.09 billion. On average, research analysts expect that BCE will post 3.0157895 EPS for the current fiscal year.

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 8.70%. The ex-dividend date was Friday, June 14th. BCE’s payout ratio is 207.81%.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.