BCE (TSE:BCE) Price Target Cut to C$41.00 by Analysts at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by JPMorgan Chase & Co. from C$47.00 to C$41.00 in a report released on Friday,BayStreet.CA reports.

Several other equities analysts have also recently commented on the company. Barclays reduced their target price on BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group downgraded BCE from a “buy” rating to a “hold” rating and dropped their price target for the company from C$51.00 to C$41.00 in a research report on Tuesday, November 5th. BMO Capital Markets upped their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. National Bankshares cut their price target on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reduced their target price on BCE from C$52.00 to C$47.00 in a research note on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, BCE presently has a consensus rating of “Hold” and a consensus price target of C$45.36.

BCE Price Performance

Shares of TSE:BCE opened at C$38.79 on Friday. The firm has a fifty day moving average price of C$46.00. The company has a market cap of C$35.39 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. BCE has a one year low of C$37.81 and a one year high of C$56.18.

BCE Cuts Dividend

The company also recently disclosed 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 10.29%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s dividend payout ratio (DPR) is currently 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.