BCE (TSE:BCE) Price Target Cut to C$54.00

BCE (TSE:BCEFree Report) (NYSE:BCE) had its target price trimmed by CIBC from C$56.00 to C$54.00 in a research report released on Friday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. TD Securities decreased their target price 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. BMO Capital Markets decreased their target price on shares of BCE from C$60.00 to C$54.00 and set an outperform rating for the company in a research report on Friday. Canaccord Genuity Group decreased their target price on shares of BCE from C$57.00 to C$55.00 and set a buy rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of BCE from C$59.00 to C$58.00 and set an equal weight rating for the company in a research report on Monday, November 6th. Finally, Barclays reduced their price objective on shares of BCE from C$60.00 to C$55.00 and set an equal weight rating for the company in a research report on Thursday, November 16th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, BCE currently has an average rating of Hold and a consensus target price of C$55.81.

View Our Latest Report on BCE

BCE Price Performance

Shares of TSE BCE opened at C$51.11 on Friday. The firm’s 50-day moving average price is C$53.74 and its 200-day moving average price is C$53.91. BCE has a 1-year low of C$49.57 and a 1-year high of C$65.66. The firm 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. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98.

BCE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a $0.998 dividend. This represents a $3.99 annualized dividend and a dividend yield of 7.81%. This is a boost from BCE’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 14th. BCE’s dividend payout ratio (DPR) is currently 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.

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