Shares of BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) have been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$58.88.
A number of brokerages have recently issued reports on BCE. JPMorgan Chase & Co. decreased their target price on BCE from C$59.00 to C$58.00 and set an “equal weight” rating on the stock in a research report on Monday, November 6th. BMO Capital Markets decreased their target price on BCE from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Desjardins decreased their target price on BCE from C$60.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, October 13th. Royal Bank of Canada decreased their price objective on BCE from C$63.00 to C$59.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 18th. Finally, National Bank Financial upgraded BCE from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, August 23rd.
BCE Price Performance
BCE Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be given a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 7.29%. This is an increase from BCE’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, December 14th. BCE’s dividend payout ratio (DPR) is presently 158.61%.
BCE Company Profile
BCE Inc, a communications 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 communication products and services, as well as consumer electronics products.
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