BCE Inc. (NYSE:BCE) Receives $55.73 Consensus Target Price from Analysts
Shares of BCE Inc. (NYSE:BCE) (TSE:BCE) have been given an average rating of “Hold” by the eleven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $55.73.
Separately, Morgan Stanley lowered BCE from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 17th.
NYSE BCE traded up $0.18 during trading on Friday, reaching $48.55. The company’s stock had a trading volume of 476,500 shares, compared to its average volume of 700,506. The stock has a market capitalization of $43.72 billion, a PE ratio of 19.04, a P/E/G ratio of 4.35 and a beta of 0.36. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a fifty day moving average of $47.11 and a 200 day moving average of $47.47. BCE has a one year low of $43.03 and a one year high of $49.58.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a dividend of $0.6267 per share. The ex-dividend date is Friday, March 13th. This is a positive change from BCE’s previous quarterly dividend of $0.60. This represents a $2.51 annualized dividend and a dividend yield of 5.16%. BCE’s dividend payout ratio is 91.29%.
Institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC increased its position in shares of BCE by 57.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 653 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 239 shares during the last quarter. Carroll Financial Associates Inc. increased its position in shares of BCE by 155.3% during the 3rd quarter. Carroll Financial Associates Inc. now owns 697 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 424 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of BCE during the 4th quarter valued at about $32,000. Wealth Alliance bought a new position in shares of BCE during the 4th quarter valued at about $71,000. Finally, Sugarloaf Wealth Management LLC bought a new position in shares of BCE during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 45.07% of the company’s stock.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
Featured Article: Is a Roth IRA right for you?
Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.