BCE (TSE:BCE) Given New C$37.00 Price Target at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price reduced by TD Securities from C$39.00 to C$37.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

BCE has been the subject of a number of other research reports. Scotiabank dropped their price objective on shares of BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Barclays cut their price target on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. BMO Capital Markets upped their price objective on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. 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. Finally, National Bankshares decreased their price target on BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$44.68.

BCE Price Performance

BCE stock opened at C$38.44 on Tuesday. The company has a fifty day simple moving average of C$42.69 and a 200-day simple moving average of C$44.98. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The firm has a market capitalization of C$35.07 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 52-week low of C$36.95 and a 52-week high of C$56.18.

BCE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.9975 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.99 annualized dividend and a dividend yield of 10.38%. BCE’s dividend payout ratio is currently 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.