BCE (TSE:BCE) Price Target Lowered to C$42.00 at Scotiabank

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by Scotiabank from C$45.00 to C$42.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other research firms have also commented on BCE. Cormark cut their price objective on BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. BMO Capital Markets lifted their target price on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Desjardins increased their target price on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, National Bankshares lowered their price target on shares of BCE from C$48.00 to C$42.00 in a research report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, BCE has a consensus rating of “Hold” and an average target price of C$44.86.

BCE Stock Up 0.2 %

Shares of TSE BCE opened at C$37.98 on Tuesday. The firm has a market cap of C$34.65 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company’s 50-day simple moving average is C$43.24 and its 200-day simple moving average is C$45.16. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. BCE has a 52-week low of C$36.95 and a 52-week high of C$56.18.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.9975 per share. The ex-dividend date is Monday, December 16th. This represents a $3.99 annualized dividend and a yield of 10.51%. BCE’s dividend payout ratio (DPR) is 185.58%.

About BCE

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.