Brokerages Set BCE Inc. (BCE) PT at $59.06

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Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$59.06.

Several research firms have weighed in on BCE. Morgan Stanley dropped their price objective on shares of BCE from C$62.00 to C$59.00 in a research note on Friday, August 31st. Desjardins dropped their price objective on shares of BCE from C$61.00 to C$60.75 and set a “hold” rating on the stock in a research note on Friday, August 3rd. TD Securities dropped their price objective on shares of BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. CIBC dropped their price objective on shares of BCE from C$59.00 to C$58.00 in a research note on Friday, August 3rd. Finally, Royal Bank of Canada dropped their price objective on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd.

BCE stock traded up C$0.04 during trading hours on Friday, hitting C$52.42. The company had a trading volume of 1,426,626 shares, compared to its average volume of 1,501,844. BCE has a fifty-two week low of C$51.81 and a fifty-two week high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 2nd. The company reported C$0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.88 by C($0.02). The company had revenue of C$5.79 billion during the quarter, compared to analyst estimates of C$5.83 billion. BCE had a net margin of 14.39% and a return on equity of 20.55%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 15th will be paid a dividend of $0.755 per share. The ex-dividend date is Thursday, September 13th. This represents a $3.02 annualized dividend and a dividend yield of 5.76%.

About BCE

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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Analyst Recommendations for BCE (TSE:BCE)

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