BCE (TSE:BCE) Price Target Raised to C$42.00 at Desjardins

BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by Desjardins from C$41.00 to C$42.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock. Desjardins also issued estimates for BCE’s FY2025 earnings at $2.78 EPS.

Other analysts have also issued reports about the company. Royal Bank Of Canada raised BCE from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$35.00 to C$47.00 in a research report on Wednesday, October 15th. CIBC raised their price objective on BCE from C$36.00 to C$37.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Scotiabank lifted their price objective on BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a report on Monday, September 8th. National Bankshares set a C$35.00 target price on BCE and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, TD Securities decreased their price target on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$36.23.

BCE Stock Down 0.5%

BCE traded down C$0.17 during trading hours on Friday, reaching C$32.53. 4,424,740 shares of the stock traded hands, compared to its average volume of 3,705,387. BCE has a fifty-two week low of C$28.73 and a fifty-two week high of C$39.83. The company has a market cap of C$30.34 billion, a price-to-earnings ratio of 70.72, a PEG ratio of 4.67 and a beta of 0.52. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The firm’s fifty day simple moving average is C$32.86 and its two-hundred day simple moving average is C$32.05.

BCE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, September 15th. BCE’s dividend payout ratio (DPR) is currently 745.65%.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.