National Bankshares Cuts BCE (TSE:BCE) Price Target to C$42.00

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by National Bankshares from C$48.00 to C$42.00 in a research report report published on Tuesday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on BCE. Canaccord Genuity Group raised their target price on BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. National Bank Financial lowered BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays reduced their price objective on shares of BCE from C$48.00 to C$46.00 in a research note on Wednesday, October 9th. TD Securities cut their price target on shares of BCE from C$50.00 to C$43.00 in a report on Tuesday. Finally, Cormark lowered their price objective on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, BCE presently has a consensus rating of “Hold” and an average price target of C$46.36.

BCE Stock Performance

Shares of BCE opened at C$39.49 on Tuesday. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The stock has a 50 day moving average price of C$46.00 and a two-hundred day moving average price of C$45.87. BCE has a 52 week low of C$37.81 and a 52 week high of C$56.18. The firm has a market capitalization of C$36.03 billion, a P/E ratio of 18.37, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.9975 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s 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.