BCE, Inc. (NYSE:BCE) Stock Has Average Target Price of $29.00 According to Analysts

BCE, Inc. (NYSE:BCE) (TSE:BCE) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.00.

Several brokerages have recently commented on BCE. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BCE in a report on Thursday, October 8th. Raymond James Financial began coverage on shares of BCE in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Scotiabank reaffirmed an “outperform” rating on shares of BCE in a report on Friday, August 7th. Weiss Ratings raised shares of BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Canaccord Genuity Group raised BCE from a “hold” rating to a “buy” rating in a research report on Tuesday, October 13th.

BCE Stock Down 0.8%

Shares of BCE stock opened at $20.10 on Friday. BCE has a one year low of $18.68 and a one year high of $26.52. The stock’s fifty day moving average is $21.67 and its 200 day moving average is $23.50.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, equities analysts expect that BCE will post 1.89 earnings per share for the current fiscal year.

BCE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were paid a dividend of C$0.44 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On BCE

A number of institutional investors and hedge funds have recently modified their holdings of BCE. Ascentis Independent Advisors acquired a new position in BCE in the first quarter valued at $33,000. Mather Group LLC. acquired a new position in BCE in the 3rd quarter valued at $37,000. IFP Advisors Inc increased its stake in shares of BCE by 99.3% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 1,363 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of BCE during the 1st quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC raised its position in BCE by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 3,787 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 532 shares in the last quarter. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Company Profile

BCE Inc is a Canadian communications and media company headquartered in Montréal, Québec. Through its Bell Canada operations, the company provides wireless and wireline telecommunications services, including mobile voice and data, high-speed internet, local and long-distance voice, and digital television. Bell serves residential, small-business, enterprise and government customers across Canada.

BCE also operates a media business through Bell Media, which includes television networks, digital platforms, radio stations and related content operations.