BCE (TSE:BCE) Price Target Increased to C$70.00 by Analysts at JPMorgan Chase & Co.

BCE (TSE:BCEGet Rating) (NYSE:BCE) had its price objective upped by JPMorgan Chase & Co. from C$68.00 to C$70.00 in a report published on Friday, BayStreet.CA reports.

A number of other analysts have also recently commented on BCE. Cormark upped their price objective on shares of BCE from C$67.00 to C$72.00 and gave the company a sector perform rating in a research report on Wednesday, April 20th. National Bankshares increased their price objective on BCE from C$70.00 to C$71.00 and gave the stock an outperform rating in a report on Friday, February 4th. Canaccord Genuity Group lowered shares of BCE to a hold rating and set a C$71.00 price objective on the stock. in a research report on Tuesday, April 26th. BMO Capital Markets raised their target price on shares of BCE from C$69.00 to C$70.00 in a research report on Friday, February 4th. Finally, Royal Bank of Canada boosted their price target on BCE from C$66.00 to C$69.00 in a research report on Monday, April 11th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$69.23.

Shares of BCE stock opened at C$69.50 on Friday. The firm’s 50 day moving average price is C$70.06 and its two-hundred day moving average price is C$67.03. The company has a debt-to-equity ratio of 129.35, a quick ratio of 0.50 and a current ratio of 0.68. BCE has a 52-week low of C$58.62 and a 52-week high of C$74.09. The stock has a market cap of C$63.25 billion and a PE ratio of 23.25.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last posted its quarterly earnings results on Thursday, February 3rd. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.04. The company had revenue of C$6.21 billion during the quarter, compared to the consensus estimate of C$6.23 billion. As a group, sell-side analysts predict that BCE will post 3.5900001 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 15th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Tuesday, June 14th. BCE’s payout ratio is currently 123.12%.

BCE Company Profile (Get Rating)

BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.

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