BCE (TSE:BCE) Price Target Lowered to C$55.00 at Canaccord Genuity Group

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price target decreased by Canaccord Genuity Group from C$57.00 to C$55.00 in a report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

BCE has been the topic of several other reports. BMO Capital Markets lifted their target price on shares of BCE from C$58.00 to C$60.00 in a research report on Monday, December 11th. TD Securities lowered their price target on shares of BCE from C$55.00 to C$51.00 and set a hold rating for the company in a report on Friday. Barclays lowered their price target on shares of BCE from C$60.00 to C$55.00 and set an equal weight rating for the company in a report on Thursday, November 16th. Scotiabank set a C$57.25 price target on shares of BCE and gave the stock a sector perform rating in a report on Thursday, January 4th. Finally, Desjardins raised their price target on shares of BCE from C$57.50 to C$58.00 and gave the stock a hold rating in a report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$56.04.

Read Our Latest Stock Analysis on BCE

BCE Trading Down 1.1 %

BCE opened at C$50.52 on Friday. The company’s 50 day moving average is C$53.82 and its 200-day moving average is C$54.01. The company has a current ratio of 0.57, a quick ratio of 0.43 and a debt-to-equity ratio of 162.87. BCE has a 1-year low of C$49.57 and a 1-year high of C$65.66. The company has a market cap of C$46.09 billion, a P/E ratio of 20.70, a PEG ratio of 3.71 and a beta of 0.49.

BCE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be paid a $0.998 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.99 annualized dividend and a dividend yield of 7.90%. This is a positive change from BCE’s previous quarterly dividend of $0.97. BCE’s payout ratio is currently 158.61%.

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 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)

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