BCE’s (BCE) “Overweight” Rating Reiterated at Barclays PLC

Barclays PLC restated their overweight rating on shares of BCE Inc. (TSE:BCE) (NYSE:BCE) in a report released on Wednesday morning.

Several other research analysts have also recently issued reports on the stock. TD Securities reiterated a hold rating and issued a C$59.00 price objective on shares of BCE in a report on Monday, March 20th. CIBC raised their target price on shares of BCE from C$59.00 to C$60.00 in a report on Monday, March 20th. Desjardins raised their target price on shares of BCE from C$64.00 to C$65.00 and gave the stock a buy rating in a report on Thursday, February 16th. Canaccord Genuity reduced their target price on shares of BCE from C$64.00 to C$60.00 in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of BCE from C$66.00 to C$64.00 and set an overweight rating for the company in a report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$61.31.

Analyst Recommendations for BCE (TSE:BCE)

Shares of BCE (TSE:BCE) opened at 58.91 on Wednesday. The stock’s 50 day moving average price is $58.16 and its 200-day moving average price is $58.88. The firm has a market capitalization of $51.31 billion and a P/E ratio of 17.69. BCE has a 12-month low of $56.80 and a 12-month high of $63.40.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Wednesday, March 15th will be issued a dividend of $0.7175 per share. This represents a $2.87 dividend on an annualized basis and a yield of 4.87%. This is a boost from BCE’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, March 13th.

In related news, insider Duc Bernard Le sold 63,746 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of C$58.26, for a total transaction of C$3,713,841.96. Also, Director George Cope sold 16,488 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of C$58.14, for a total transaction of C$958,612.32. Insiders have sold 172,564 shares of company stock valued at $10,032,669 over the last 90 days.

BCE Company Profile

BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.

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