BCE (NYSE:BCE) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of BCE (NYSE:BCE) (TSE:BCE) in a research report sent to investors on Monday morning, AnalystRatings.com reports. They currently have a $65.00 price target on the utilities provider’s stock.

Several other analysts also recently commented on the stock. Scotiabank reissued a buy rating on shares of BCE in a research report on Friday, August 16th. Zacks Investment Research downgraded shares of BCE from a buy rating to a hold rating and set a $51.00 target price for the company. in a research report on Monday. Desjardins downgraded shares of BCE to a hold rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. downgraded shares of BCE from an overweight rating to a neutral rating and set a $60.00 price objective for the company. in a report on Monday, July 8th. Finally, TD Securities raised shares of BCE from a hold rating to a buy rating and set a $44.38 price objective for the company in a report on Tuesday, June 18th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $55.73.

BCE stock opened at $48.67 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $43.44 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 5.14 and a beta of 0.40. BCE has a 12 month low of $38.75 and a 12 month high of $48.84. The firm has a 50 day moving average of $46.63 and a two-hundred day moving average of $45.44.



BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.90 billion. BCE had a net margin of 12.51% and a return on equity of 19.15%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, research analysts expect that BCE will post 2.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.601 per share. This is an increase from BCE’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, September 13th. BCE’s dividend payout ratio is currently 87.45%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of BCE during the 2nd quarter worth $25,000. Lindbrook Capital LLC boosted its holdings in shares of BCE by 72.9% during the 2nd quarter. Lindbrook Capital LLC now owns 854 shares of the utilities provider’s stock worth $38,000 after buying an additional 360 shares during the period. Griffin Asset Management Inc. bought a new stake in shares of BCE during the 2nd quarter worth $51,000. Putnam FL Investment Management Co. bought a new stake in shares of BCE during the 2nd quarter worth $57,000. Finally, Parallel Advisors LLC boosted its holdings in shares of BCE by 1,052.6% during the 1st quarter. Parallel Advisors LLC now owns 1,533 shares of the utilities provider’s stock worth $68,000 after buying an additional 1,400 shares during the period. 43.92% of the stock is owned by institutional investors and hedge funds.

About BCE

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.

Further Reading: Front-End Load

Analyst Recommendations for BCE (NYSE:BCE)

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.