BCE (TSE:BCE) PT Lowered to C$51.00 at TD Securities

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price objective cut by TD Securities from C$55.00 to C$51.00 in a report issued on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently weighed in on BCE. JPMorgan Chase & Co. cut their price objective on shares of BCE from C$59.00 to C$58.00 and set an equal weight rating on the stock in a report on Monday, November 6th. National Bankshares increased their price objective on shares of BCE from C$56.00 to C$58.00 and gave the company an outperform rating in a research report on Friday, December 8th. BMO Capital Markets increased their price target on shares of BCE from C$58.00 to C$60.00 in a research report on Monday, December 11th. Royal Bank of Canada decreased their price target on shares of BCE from C$63.00 to C$59.00 and set a sector perform rating on the stock in a research report on Wednesday, October 18th. Finally, Barclays decreased their price target on shares of BCE from C$60.00 to C$55.00 and set an equal weight rating on the stock in a research report on Thursday, November 16th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$55.81.

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BCE Stock Performance

Shares of TSE:BCE opened at C$51.11 on Friday. The company has a market cap of C$46.63 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. The company 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 current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98. BCE has a 12 month low of C$49.57 and a 12 month high of C$65.66.

BCE Increases Dividend

The company 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 dividend of $0.998 per share. This represents a $3.99 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.97. BCE’s payout ratio is 175.00%.

About BCE

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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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Analyst Recommendations for BCE (TSE:BCE)

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