BCE Inc. (BCE) Receives $55.80 Average Target Price from Analysts

BCE Inc. (NYSE:BCE) (TSE:BCE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.80.

A number of analysts recently commented on the company. Morgan Stanley decreased their price objective on BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. Zacks Investment Research raised BCE from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Thursday. Canaccord Genuity reissued a “hold” rating and issued a $60.00 price target on shares of BCE in a research note on Thursday, November 2nd. Bank of America assumed coverage on BCE in a research note on Tuesday, November 21st. They issued a “buy” rating and a $54.00 price target on the stock. Finally, Desjardins lowered BCE from a “buy” rating to a “hold” rating in a research note on Friday, January 12th.

BCE (BCE) traded up $0.19 on Friday, hitting $46.64. The company had a trading volume of 620,850 shares, compared to its average volume of 769,982. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $42,060.00, a price-to-earnings ratio of 18.01, a P/E/G ratio of 4.81 and a beta of 0.36. BCE has a fifty-two week low of $42.44 and a fifty-two week high of $49.06.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.53 billion. BCE had a return on equity of 20.15% and a net margin of 12.78%. research analysts forecast that BCE will post 2.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 15th were paid a $0.558 dividend. This represents a $2.23 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Thursday, December 14th. BCE’s payout ratio is 88.80%.

A number of large investors have recently modified their holdings of BCE. AXA boosted its stake in BCE by 79.7% in the 2nd quarter. AXA now owns 11,500 shares of the utilities provider’s stock worth $518,000 after buying an additional 5,100 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of BCE by 13.8% in the 2nd quarter. Alliancebernstein L.P. now owns 61,084 shares of the utilities provider’s stock valued at $2,751,000 after purchasing an additional 7,426 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of BCE by 1.3% in the 2nd quarter. Nationwide Fund Advisors now owns 12,614 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 160 shares in the last quarter. BlackRock Inc. lifted its stake in shares of BCE by 35.8% in the 2nd quarter. BlackRock Inc. now owns 2,062,333 shares of the utilities provider’s stock valued at $92,888,000 after purchasing an additional 543,921 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of BCE in the 2nd quarter valued at about $535,000. 44.34% of the stock is currently owned by hedge funds and other institutional investors.

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BCE Company Profile

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Analyst Recommendations for BCE (NYSE:BCE)

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