BCE (TSE:BCE) Price Target Lowered to C$35.00 at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its target price cut by National Bankshares from C$37.00 to C$35.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also weighed in on the company. TD Securities lowered their price objective on BCE from C$37.00 to C$32.00 and set a “hold” rating on the stock in a research note on Friday. BMO Capital Markets upped their price target on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Barclays cut their price objective on BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Royal Bank of Canada lowered their target price on shares of 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. Finally, Scotiabank reduced their price target on shares of BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$41.88.

BCE Price Performance

Shares of BCE stock opened at C$34.40 on Friday. BCE has a twelve month low of C$31.99 and a twelve month high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The firm has a market cap of C$31.38 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The firm’s 50-day simple moving average is C$37.58 and its 200-day simple moving average is C$43.16.

BCE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a $0.9975 dividend. 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 dividend payout ratio is currently 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.