BCE (TSE:BCE) Hits New 1-Year Low – Here’s What Happened

BCE Inc. (TSE:BCE) (NYSE:BCE)’s stock price hit a new 52-week low on Thursday . The stock traded as low as C$37.70 and last traded at C$37.71, with a volume of 4181923 shares trading hands. The stock had previously closed at C$38.09.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. National Bankshares reduced their target price on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. TD Securities reduced their target price on shares of BCE from C$43.00 to C$39.00 in a report on Monday. Canaccord Genuity Group reduced their target price on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. BMO Capital Markets raised their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Finally, Scotiabank reduced their target price on shares of BCE from C$50.50 to C$47.50 in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, BCE has an average rating of “Hold” and a consensus price target of C$45.36.

BCE Trading Down 0.9 %

The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The company has a market cap of C$34.43 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 4.67 and a beta of 0.48. The business’s fifty day simple moving average is C$45.47 and its two-hundred day simple moving average is C$45.74.

BCE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.9975 per share. The ex-dividend date is Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 10.57%. BCE’s dividend payout ratio (DPR) is presently 185.58%.

BCE Company Profile

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 two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.