BCE (TSE:BCE) PT Set at C$35.00 by National Bankshares

National Bankshares set a C$35.00 price target on BCE (TSE:BCE) (NYSE:BCE) in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

BCE has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on BCE from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Friday, May 9th. TD Securities raised their price target on BCE from C$33.00 to C$35.00 and gave the company a “hold” rating in a report on Friday, August 8th. Scotiabank raised BCE from a “hold” rating to a “strong-buy” rating and set a C$39.00 price target on the stock in a report on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on BCE from C$28.00 to C$29.00 in a report on Monday, May 12th. Finally, BMO Capital Markets decreased their price target on BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, BCE presently has an average rating of “Hold” and an average price target of C$34.42.

BCE Price Performance

TSE:BCE opened at C$33.77 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The business’s 50-day simple moving average is C$31.67 and its two-hundred day simple moving average is C$31.90. The stock has a market cap of C$30.59 billion, a PE ratio of 113.29, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$28.73 and a 52 week high of C$49.13.

BCE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 5.2%. BCE’s payout ratio is currently 1,338.57%.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.