BCE (TSE:BCE) Price Target Cut to C$45.00 by Analysts at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price trimmed by Royal Bank of Canada from C$47.00 to C$45.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on BCE. BMO Capital Markets increased their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. National Bank Financial downgraded BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. National Bankshares cut their price target on BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Barclays decreased their price objective on BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$45.36.

BCE Stock Performance

Shares of BCE stock opened at C$37.74 on Monday. The stock’s fifty day simple moving average is C$45.47 and its 200 day simple moving average is C$45.74. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The company has a market capitalization of C$34.43 billion, a PE ratio of 17.55, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 12 month low of C$37.66 and a 12 month high of C$56.18.

BCE Cuts Dividend

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

About BCE

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.