BCE (TSE:BCE) Price Target Raised to C$43.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective raised by Desjardins from C$41.00 to C$43.00 in a report published on Thursday morning,BayStreet reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also commented on BCE. TD Securities raised BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Scotia raised their price objective on BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on shares of BCE from C$39.00 to C$36.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Morgan Stanley raised shares of BCE from an “underweight” rating to an “equal weight” rating and upped their target price for the company from C$31.00 to C$35.00 in a research report on Tuesday, July 21st. Finally, Scotiabank lowered their target price on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$37.69.

BCE Stock Down 1.0%

BCE stock opened at C$30.90 on Thursday. BCE has a one year low of C$29.66 and a one year high of C$36.25. The firm has a market cap of C$28.82 billion, a PE ratio of 4.58, a PEG ratio of 4.67 and a beta of 0.37. The firm’s 50 day moving average price is C$31.66 and its 200-day moving average price is C$32.87. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$6.18 billion during the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. On average, equities research analysts anticipate that BCE will post 3.1120864 EPS for the current year.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, September 15th. BCE’s dividend payout ratio is 25.96%.

BCE Company Profile

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.