BCE (TSE:BCE) Price Target Cut to C$55.00

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price objective decreased by Desjardins from C$58.00 to C$55.00 in a research note published on Friday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Several other research analysts also recently issued reports on BCE. Canaccord Genuity Group reduced their price target on shares of BCE from C$57.00 to C$55.00 and set a buy rating on the stock in a research report on Friday. National Bankshares lowered their target price on BCE from C$58.00 to C$55.00 and set an outperform rating for the company in a research note on Friday. Royal Bank of Canada lowered their target price on BCE from C$59.00 to C$57.00 and set a sector perform rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of BCE from C$59.00 to C$58.00 and set an equal weight rating for the company in a research note on Monday, November 6th. Finally, CIBC cut their price objective on BCE from C$56.00 to C$54.00 and set a neutral rating for the company in a report on Friday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of C$55.81.

View Our Latest Analysis on BCE

BCE Stock Up 1.2 %

BCE opened at C$51.11 on Friday. BCE has a fifty-two week low of C$49.57 and a fifty-two week high of C$65.66. The company has a debt-to-equity ratio of 175.98, a current ratio of 0.65 and a quick ratio of 0.43. The firm’s fifty day moving average price is C$53.74 and its two-hundred day moving average price is C$53.91. The company has a market capitalization of C$46.63 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.71 and a beta of 0.48.

BCE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be issued a $0.998 dividend. This is a positive change from BCE’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 14th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 7.81%. BCE’s payout ratio is presently 175.00%.

About BCE

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BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

Further Reading

Analyst Recommendations for BCE (TSE:BCE)

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