National Bankshares Cuts BCE (TSE:BCE) Price Target to C$42.00

BCE (TSE:BCEFree Report) (NYSE:BCE) had its target price trimmed by National Bankshares from C$48.00 to C$42.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on BCE. Barclays dropped their target price on shares of BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. Canaccord Genuity Group increased their target price on shares of BCE from C$50.00 to C$52.00 in a report on Thursday, September 19th. National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. BMO Capital Markets increased their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Finally, Royal Bank of Canada dropped their target price on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, BCE presently has a consensus rating of “Hold” and a consensus price target of C$47.23.

Check Out Our Latest Stock Report on BCE

BCE Trading Down 2.8 %

BCE opened at C$38.94 on Tuesday. The stock has a market capitalization of C$35.52 billion, a PE ratio of 18.01, a P/E/G ratio of 4.67 and a beta of 0.48. The firm’s fifty day moving average price is C$46.32 and its 200 day moving average price is C$45.95. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a 12-month low of C$37.81 and a 12-month high of C$56.18.

BCE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $0.9975 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 10.25%. BCE’s dividend payout ratio is presently 185.58%.

BCE Company Profile

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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 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.

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Analyst Recommendations for BCE (TSE:BCE)

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