BCE (TSE:BCE) Price Target Lowered to C$35.00 at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its price objective trimmed by JPMorgan Chase & Co. from C$41.00 to C$35.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently issued reports on BCE. Scotiabank reduced their price target on BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. Royal Bank of Canada reduced their target price on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 18th. Canaccord Genuity Group lowered their price target on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Barclays cut their price objective on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Finally, National Bankshares lowered their target price on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, BCE presently has an average rating of “Hold” and a consensus price target of C$41.88.

BCE Trading Up 2.6 %

Shares of TSE:BCE opened at C$34.40 on Thursday. BCE has a 12-month low of C$31.99 and a 12-month high of C$56.18. The business has a 50 day moving average of C$37.36 and a 200-day moving average of C$43.07. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The stock has a market cap of C$31.38 billion, a PE ratio of 16.00, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.9975 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.99 annualized dividend and a yield of 11.60%. BCE’s dividend payout ratio is currently 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.