Analysts Set Bell Canada (BCE) Target Price at $61.50
Shares of Bell Canada (TSE:BCE) (NYSE:BCE) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$61.50.
Several research firms recently commented on BCE. Desjardins lowered Bell Canada from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. National Bank Financial reduced their price target on Bell Canada from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase reduced their price target on Bell Canada from C$68.00 to C$62.00 in a research report on Monday, February 12th. Scotiabank cut their target price on Bell Canada from C$61.00 to C$59.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$61.00 target price on shares of Bell Canada in a research report on Friday, February 9th.
Bell Canada stock opened at C$53.45 on Thursday. Bell Canada has a one year low of C$53.00 and a one year high of C$63.00.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 15th. Shareholders of record on Thursday, March 15th were given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.65%. This is a positive change from Bell Canada’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, March 14th.
Bell Canada 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. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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