TD Securities Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by TD Securities from C$50.00 to C$43.00 in a research report report published on Tuesday,BayStreet.CA reports.

A number of other research firms have also recently issued reports on BCE. Barclays cut their target price on BCE from C$48.00 to C$46.00 in a research note on Wednesday, October 9th. Cormark cut their target price on BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on BCE from C$53.00 to C$52.00 in a research note on Thursday, October 10th. BMO Capital Markets raised their target price on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group lifted their price objective on shares of BCE from C$50.00 to C$52.00 in a research note on Thursday, September 19th. 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, the company presently has an average rating of “Hold” and an average target price of C$47.23.

BCE Stock Performance

BCE stock opened at C$38.94 on Tuesday. 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 stock has a market capitalization of C$35.52 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 1 year low of C$37.81 and a 1 year high of C$56.18. The stock’s fifty day moving average is C$46.32 and its two-hundred day moving average is C$45.95.

BCE Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.9975 per share. This represents a $3.99 dividend on an annualized basis and a yield of 10.25%. BCE’s 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.