BCE (TSE:BCE) Price Target Cut to C$35.00 by Analysts at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by JPMorgan Chase & Co. from C$41.00 to C$35.00 in a report published on Thursday morning,BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on BCE. BMO Capital Markets increased their price target on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Barclays cut their target price on shares of BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Canaccord Genuity Group decreased their price target on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada reduced their target price on BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$42.88.

BCE Stock Up 0.6 %

Shares of TSE:BCE opened at C$33.52 on Thursday. BCE has a 1 year low of C$31.99 and a 1 year high of C$56.18. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The business’s 50-day moving average is C$37.58 and its 200-day moving average is C$43.16. The company has a market capitalization of C$30.58 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 11.90%. The ex-dividend date is Monday, December 16th. BCE’s dividend payout ratio (DPR) is presently 185.58%.

BCE Company Profile

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.