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

BCE (TSE:BCE) (NYSE:BCE) had its price target hoisted by TD Securities from C$38.00 to C$40.00 in a research note released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

BCE has been the subject of a number of other research reports. National Bank Financial lifted their price objective on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, February 6th. BMO Capital Markets upgraded BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price target on the stock in a research report on Thursday, December 11th. JPMorgan Chase & Co. boosted their price objective on BCE from C$33.00 to C$37.00 in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce upgraded BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. Finally, Desjardins dropped their price target on shares of BCE from C$41.00 to C$40.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BCE currently has an average rating of “Moderate Buy” and a consensus price target of C$38.05.

BCE Stock Down 0.6%

BCE stock opened at C$35.01 on Tuesday. The business’s 50-day moving average price is C$33.50 and its 200 day moving average price is C$33.20. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The firm has a market cap of C$32.65 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 4.67 and a beta of 0.47. BCE has a 52 week low of C$28.73 and a 52 week high of C$36.59.

BCE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.0%. BCE’s payout ratio is 34.02%.

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.