BCE (TSE:BCE) Given New C$54.00 Price Target at JPMorgan Chase & Co.

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price objective decreased by JPMorgan Chase & Co. from C$58.00 to C$54.00 in a research report report published on Friday morning, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on BCE. TD Securities decreased their price objective on shares of BCE from C$55.00 to C$51.00 and set a hold rating for the company in a research report on Friday. CIBC dropped their price objective on shares of BCE from C$56.00 to C$54.00 and set a neutral rating on the stock in a research note on Friday. Scotiabank dropped their price objective on shares of BCE from C$57.25 to C$55.50 and set a sector perform rating on the stock in a research note on Friday. Royal Bank of Canada dropped their price target on shares of BCE from C$59.00 to C$57.00 and set a sector perform rating on the stock in a research note on Friday. Finally, Desjardins lowered their target price on shares of BCE from C$58.00 to C$55.00 and set a hold rating on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$55.81.

View Our Latest Analysis on BCE

BCE Stock Up 1.2 %

BCE stock opened at C$51.11 on Friday. The firm has a 50 day moving average price of C$53.74 and a 200 day moving average price of C$53.91. The company has a market capitalization of C$46.63 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. 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 has a fifty-two week low of C$49.57 and a fifty-two week high of C$65.66.

BCE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.998 per share. This represents a $3.99 dividend on an annualized basis and a yield of 7.81%. This is an increase from BCE’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 14th. BCE’s dividend payout ratio 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.

See Also

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.