BCE (TSE:BCE – Free Report) (NYSE:BCE) had its target price reduced by JPMorgan Chase & Co. from C$58.00 to C$54.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.
A number of other analysts also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of BCE from C$59.00 to C$57.00 and set a sector perform rating for the company in a report on Friday. TD Securities lowered 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. Desjardins decreased their price target on shares of BCE from C$58.00 to C$55.00 and set a hold rating for the company in a research report on Friday. National Bankshares decreased their price target on shares of BCE from C$58.00 to C$55.00 and set an outperform rating for the company in a research report on Friday. Finally, CIBC decreased their price target on shares of BCE from C$56.00 to C$54.00 and set a neutral rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of C$55.81.
BCE Stock Up 1.2 %
BCE Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a dividend of $0.998 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.99 annualized dividend and a dividend yield of 7.81%. This is a positive change from BCE’s previous quarterly dividend of $0.97. BCE’s dividend payout ratio is presently 175.00%.
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.
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