BCE (TSE:BCE) Price Target Lowered to C$32.00 at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by TD Securities from C$37.00 to C$32.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada cut their price objective on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on shares of BCE from C$41.00 to C$35.00 and set a “neutral” rating on the stock in a research report on Thursday. Canaccord Genuity Group decreased their price objective on shares of BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. BMO Capital Markets raised their target price on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Finally, Barclays decreased their price target on shares of BCE from C$46.00 to C$41.00 in a research report on Monday, November 11th. Ten equities research 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, the stock presently has a consensus rating of “Hold” and an average price target of C$41.88.

BCE Stock Up 2.6 %

BCE opened at C$34.40 on Friday. The stock has a market capitalization of C$31.38 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 12 month low of C$31.99 and a 12 month high of C$56.18. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The business has a 50-day moving average of C$37.58 and a two-hundred day moving average of C$43.16.

BCE Cuts Dividend

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