BCE (TSE:BCE) Price Target Raised to C$40.00

BCE (TSE:BCE) (NYSE:BCE) had its target price lifted by TD from C$37.00 to C$40.00 in a research report sent to investors on Tuesday,BayStreet reports. TD currently has a buy rating on the stock.

BCE has been the topic of a number of other research reports. Scotiabank lowered their price objective on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 7th. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Desjardins decreased their target price on BCE from C$43.50 to C$41.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada dropped 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 research note on Friday, July 10th. Finally, Canaccord Genuity Group decreased their target price on shares of BCE from C$35.00 to C$33.00 and set a “hold” rating for the company in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.69.

BCE Stock Performance

Shares of BCE opened at C$31.20 on Tuesday. BCE has a 1 year low of C$29.66 and a 1 year high of C$36.25. The company has a market cap of C$29.09 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 4.67 and a beta of 0.37. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73. The firm has a fifty day moving average of C$31.65 and a 200-day moving average of C$32.88.

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

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.6%. BCE’s 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.