BCE, Inc. (NYSE:BCE) Given Price Target Of $47.45


As per BCE, Inc. (NYSE:BCE)’s news release on 2016-08-05, its shareholders will get cash dividend of $0.524 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-10-15, respectively.

The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year BCE, Inc. (NYSE:BCE) disbursed $0.524 in dividend compared to distribution of $0.524, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -9.5648%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated BCE, Inc. (NYSE:BCE) to attain a price target of $47.45. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $51.7. The low price range is set at $41 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings BCE, Inc. (NYSE:BCE) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.7 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, BCE, Inc. (NYSE:BCE) earnings came at $0.66 suggesting a deviation of $-0.05. The brokerages targeted EPS of $0.71 for the quarter.

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