BCE (TSE:BCE) Price Target Cut to C$42.00 by Analysts at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by National Bankshares from C$48.00 to C$42.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays decreased their price target on shares of BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group increased their price target on shares of BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. BMO Capital Markets increased their price target on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$47.23.

BCE Trading Down 1.4 %

Shares of BCE stock opened at C$39.92 on Tuesday. BCE has a 12-month low of C$39.69 and a 12-month high of C$56.18. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The firm’s 50 day moving average is C$46.46 and its 200 day moving average is C$45.99. The stock has a market capitalization of C$36.42 billion, a P/E ratio of 18.57, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.998 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.99 annualized dividend and a yield of 10.00%. BCE’s payout ratio is 185.58%.

BCE Company Profile

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 two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.