Scotiabank Cuts BCE (TSE:BCE) Price Target to C$55.50

BCE (TSE:BCEFree Report) (NYSE:BCE) had its target price reduced by Scotiabank from C$57.25 to C$55.50 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also issued reports about the company. National Bankshares lowered their target price on BCE from C$58.00 to C$55.00 and set an outperform rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on 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. CIBC reduced their price objective on BCE from C$56.00 to C$54.00 and set a neutral rating for the company in a research note on Friday. TD Securities dropped their price target on BCE from C$55.00 to C$51.00 and set a hold rating on the stock in a research report on Friday. Finally, Canaccord Genuity Group dropped their price target on BCE from C$57.00 to C$55.00 and set a buy rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of C$55.81.

View Our Latest Analysis on BCE

BCE Stock Performance

TSE:BCE opened at C$51.11 on Friday. The stock’s 50-day moving average is C$53.74 and its 200-day moving average is C$53.91. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98. The stock has a market cap of C$46.63 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. BCE has a 1-year low of C$49.57 and a 1-year high of C$65.66.

BCE Increases Dividend

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

BCE Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.