BCE (TSE:BCE) Given New C$37.00 Price Target at TD Securities

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price target cut by TD Securities from C$39.00 to C$37.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also commented on BCE. Scotiabank dropped their price objective on shares of BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. Barclays reduced their price objective on BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. National Bank Financial downgraded BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Canaccord Genuity Group cut their price target on BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Finally, Royal Bank of Canada lowered their price objective on shares of BCE from C$47.00 to C$45.00 in a research report on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$44.68.

Check Out Our Latest Analysis on BCE

BCE Stock Performance

Shares of BCE opened at C$38.44 on Tuesday. The company’s 50 day simple moving average is C$42.69 and its 200-day simple moving average is C$44.98. BCE has a 12-month low of C$36.95 and a 12-month high of C$56.18. The firm has a market cap of C$35.07 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 4.67 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 197.43.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.9975 per share. This represents a $3.99 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date is Monday, December 16th. BCE’s dividend payout ratio is currently 185.58%.

BCE Company Profile

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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 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.

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Analyst Recommendations for BCE (TSE:BCE)

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