Barclays Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price objective trimmed by Barclays from C$46.00 to C$41.00 in a report published on Monday morning,BayStreet.CA reports.

Several other equities analysts have also weighed in on BCE. Cormark cut their price objective on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Desjardins boosted their target price on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada dropped their target price on shares of BCE from C$47.00 to C$45.00 in a research report on Monday. TD Securities decreased their price target on shares of BCE from C$43.00 to C$39.00 in a research note on Monday. Finally, National Bankshares cut their price target on BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$45.36.

BCE Price Performance

Shares of TSE BCE opened at C$38.09 on Monday. BCE has a twelve month low of C$37.81 and a twelve 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 company has a market capitalization of C$34.75 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 4.67 and a beta of 0.48. The firm has a 50-day moving average of C$45.65 and a two-hundred day moving average of C$45.80.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 10.48%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s payout ratio is presently 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.