BCE Inc. (TSE:BCE) (NYSE:BCE) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$60.90.

A number of analysts have recently commented on BCE shares. Royal Bank of Canada boosted their target price on shares of BCE from C$59.00 to C$60.00 in a research note on Friday, February 8th. TD Securities boosted their target price on shares of BCE from C$56.00 to C$58.00 and gave the stock a “hold” rating in a research note on Friday, February 8th. Cormark boosted their target price on shares of BCE from C$59.00 to C$61.00 in a research note on Friday, February 8th. JPMorgan Chase & Co. boosted their target price on shares of BCE from C$59.00 to C$62.00 in a research note on Monday, February 11th. Finally, Echelon Wealth Partners reissued a “hold” rating on shares of BCE in a research note on Friday, February 8th.

Shares of BCE stock traded up C$0.57 on Friday, reaching C$60.78. 902,184 shares of the company were exchanged, compared to its average volume of 1,873,495. The stock has a market capitalization of $54.12 billion and a P/E ratio of 19.06. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 133.90. BCE has a 1 year low of C$50.72 and a 1 year high of C$60.99.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a $0.7925 dividend. This represents a $3.17 annualized dividend and a yield of 5.22%. BCE’s payout ratio is 95.88%.

BCE Company Profile

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.

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Analyst Recommendations for BCE (TSE:BCE)

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