Scotiabank Cuts BCE (TSE:BCE) Price Target to C$55.50

BCE (TSE:BCEFree Report) (NYSE:BCE) had its price objective trimmed by Scotiabank from C$57.25 to C$55.50 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

BCE has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on BCE from C$59.00 to C$57.00 and set a sector perform rating on the stock in a report on Friday. National Bankshares dropped their price objective on BCE from C$58.00 to C$55.00 and set an outperform rating on the stock in a report on Friday. Desjardins upped their target price on BCE from C$57.50 to C$58.00 and gave the company a hold rating in a report on Friday, January 26th. CIBC lowered their target price on BCE from C$56.00 to C$54.00 and set a neutral rating on the stock in a report on Friday. Finally, BMO Capital Markets lowered their target price on BCE from C$60.00 to C$54.00 and set an outperform rating on the stock in a report on Friday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of C$56.04.

Check Out Our Latest Analysis on BCE

BCE Trading Down 1.1 %

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

BCE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be issued a $0.998 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 7.90%. This is an increase from BCE’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 14th. BCE’s dividend payout ratio (DPR) is 158.61%.

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.

Further Reading

Analyst Recommendations for BCE (TSE:BCE)

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