BCE (TSE:BCE) PT Lowered to C$54.00 at BMO Capital Markets

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price target lowered by BMO Capital Markets from C$60.00 to C$54.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

BCE has been the subject of a number of other reports. Scotiabank set a C$57.25 price target on BCE and gave the company a sector perform rating in a report on Thursday, January 4th. Desjardins upped their price target on BCE from C$57.50 to C$58.00 and gave the company a hold rating in a research note on Friday, January 26th. National Bankshares reduced their price target on BCE from C$58.00 to C$55.00 and set an outperform rating for the company in a research report on Friday. TD Securities reduced their price target on BCE from C$55.00 to C$51.00 and set a hold rating for the company in a research report on Friday. Finally, CIBC increased their price objective on BCE from C$55.00 to C$56.00 and gave the company a neutral rating in a report on Monday, December 18th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of C$55.81.

Read Our Latest Analysis on BCE

BCE Stock Up 1.2 %

Shares of TSE BCE opened at C$51.11 on Friday. The stock has a market cap of C$46.63 billion, a PE ratio of 22.42, a PEG ratio of 3.71 and a beta of 0.48. The business has a fifty day moving average of C$53.74 and a two-hundred day moving average of C$53.91. BCE has a 52-week low of C$49.57 and a 52-week high of C$65.66. The company has a debt-to-equity ratio of 175.98, a quick ratio of 0.43 and a current ratio of 0.65.

BCE Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be paid a $0.998 dividend. The ex-dividend date is Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 annualized dividend and a yield of 7.81%. BCE’s dividend payout ratio (DPR) is 175.00%.

About BCE

(Get Free Report)

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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

Further Reading

Analyst Recommendations for BCE (TSE:BCE)

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