BCE (TSE:BCE – Free Report) (NYSE:BCE) had its price objective reduced by Canaccord Genuity Group from C$57.00 to C$55.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
Other equities research analysts have also issued research reports about the company. Barclays decreased their price target on BCE from C$60.00 to C$55.00 and set an equal weight rating on the stock in a research note on Thursday, November 16th. JPMorgan Chase & Co. cut their price target on BCE from C$59.00 to C$58.00 and set an equal weight rating for the company in a report on Monday, November 6th. Scotiabank set a C$57.25 price objective on BCE and gave the stock a sector perform rating in a report on Thursday, January 4th. CIBC upped their price objective on BCE from C$55.00 to C$56.00 and gave the stock a neutral rating in a report on Monday, December 18th. Finally, TD Securities decreased their price target on shares of BCE from C$55.00 to C$51.00 and set a hold rating for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$55.81.
BCE Stock Performance
BCE Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.998 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.99 annualized dividend and a dividend yield of 7.81%. This is a positive change from BCE’s previous quarterly dividend of $0.97. BCE’s dividend payout ratio (DPR) is presently 175.00%.
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.
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