BCE Inc. (TSE:BCE) Receives C$62.15 Consensus Price Target from Brokerages
Shares of BCE Inc. (TSE:BCE) have earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$62.15.
BCE has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a C$61.00 price target on shares of BCE in a research note on Thursday, June 9th. Citigroup Inc. boosted their price target on shares of BCE from C$62.00 to C$63.00 in a research note on Tuesday, July 19th. National Bank Financial upped their target price on shares of BCE from C$58.50 to C$63.00 in a research note on Tuesday, July 26th. BMO Capital Markets upped their target price on shares of BCE from C$62.00 to C$65.00 in a research note on Friday, August 5th. Finally, CSFB upped their target price on shares of BCE from C$56.00 to C$58.00 in a research note on Friday, August 5th.
BCE (TSE:BCE) opened at 60.95 on Tuesday. The company has a market cap of $53.00 billion and a P/E ratio of 19.27. BCE has a 12-month low of $52.38 and a 12-month high of $63.41. The stock’s 50 day moving average is $61.40 and its 200-day moving average is $60.56.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 15th will be issued a dividend of $0.6825 per share. This represents a $2.73 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, September 13th.
BCE Company Profile
BCE Inc is a communications company. The Company provides residential, business and wholesale customers with a range of solutions to all their communications needs, including wireless, high-speed Internet, Internet protocol television (IPTV) and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services.
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