BCE Inc. (NYSE:BCE) (TSE:BCE) received a $58.00 price objective from Credit Suisse Group AG in a research note issued on Sunday. The firm currently has a “hold” rating on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 34.48% from the stock’s current price.
A number of other brokerages have also issued reports on BCE. Zacks Investment Research raised BCE from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price target on shares of BCE in a research note on Friday, August 5th. Desjardins reaffirmed a “hold” rating and issued a $64.00 price target on shares of BCE in a research note on Wednesday, August 10th. Canaccord Genuity reaffirmed a “buy” rating on shares of BCE in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of BCE in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. BCE has an average rating of “Hold” and an average price target of $59.22.
BCE (NYSE:BCE) traded up 0.63% during mid-day trading on Friday, reaching $43.13. The company’s stock had a trading volume of 479,672 shares. BCE has a 12-month low of $35.96 and a 12-month high of $49.03. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 18.43 and a beta of 0.38. The firm’s 50 day moving average price is $44.52 and its 200 day moving average price is $46.37.
BCE (NYSE:BCE) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.22. The business earned $5.41 billion during the quarter, compared to analysts’ expectations of $4.03 billion. BCE had a return on equity of 22.73% and a net margin of 13.05%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities analysts predict that BCE will post $2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.509 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Tuesday, December 13th. BCE’s dividend payout ratio (DPR) is currently 88.14%.
A number of institutional investors have recently added to or reduced their stakes in the company. Nexus Investment Management raised its position in BCE by 0.4% in the fourth quarter. Nexus Investment Management now owns 60,710 shares of the company’s stock worth $2,345,000 after buying an additional 230 shares during the period. Cardinal Capital Management raised its position in BCE by 0.9% in the fourth quarter. Cardinal Capital Management now owns 1,013,472 shares of the company’s stock worth $39,148,000 after buying an additional 8,681 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BCE by 19.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 158,766 shares of the company’s stock worth $6,110,000 after buying an additional 25,706 shares during the period. Lipe & Dalton raised its position in BCE by 3.3% in the fourth quarter. Lipe & Dalton now owns 41,240 shares of the company’s stock worth $1,593,000 after buying an additional 1,300 shares during the period. Finally, Bridgewater Associates LP raised its position in BCE by 93.4% in the fourth quarter. Bridgewater Associates LP now owns 772,300 shares of the company’s stock worth $29,722,000 after buying an additional 372,900 shares during the period. 44.49% of the stock is currently owned by institutional investors.
BCE Company Profile