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

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

Other analysts also recently issued research reports about the company. TD Securities dropped their target price on BCE from C$55.00 to C$51.00 and set a hold rating for the company in a research report on Friday. Desjardins boosted their target price on BCE from C$57.50 to C$58.00 and gave the stock a hold rating in a research report on Friday, January 26th. National Bankshares dropped their target price on BCE from C$58.00 to C$55.00 and set an outperform rating for the company in a research report on Friday. Scotiabank set a C$57.25 target price on BCE and gave the stock a sector perform rating in a research report on Thursday, January 4th. Finally, CIBC boosted their target price on BCE from C$55.00 to C$56.00 and gave the stock a neutral rating in a research report on Monday, December 18th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of C$55.81.

Get Our Latest Stock Analysis on BCE

BCE Stock Performance

Shares of BCE opened at C$51.11 on Friday. The company has a market cap 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 current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98. The stock has a 50-day moving average price of C$53.74 and a 200-day moving average price of C$53.91. BCE has a 12-month low of C$49.57 and a 12-month 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 given a dividend of $0.998 per share. This is an increase from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date is Thursday, March 14th. BCE’s payout ratio is presently 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)

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.