National Bankshares Trims BCE (TSE:BCE) Target Price to C$50.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective lowered by National Bankshares from C$52.00 to C$50.00 in a research report report published on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. BMO Capital Markets raised their target price on shares of BCE from C$46.00 to C$47.00 and gave the company a market perform rating in a research note on Wednesday, June 12th. CIBC raised shares of BCE from a neutral rating to an outperform rating in a research note on Tuesday, April 23rd. TD Securities reduced their price objective on shares of BCE from C$48.00 to C$47.00 and set a hold rating on the stock in a research note on Friday, May 3rd. Scotiabank reduced their price objective on shares of BCE from C$53.25 to C$53.00 and set a sector perform rating on the stock in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BCE from C$54.00 to C$47.00 in a research note on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$52.00.

BCE Trading Down 0.1 %

Shares of BCE stock opened at C$44.31 on Wednesday. The stock has a market capitalization of C$40.42 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 184.91. The company has a 50-day simple moving average of C$45.86 and a 200 day simple moving average of C$48.82. BCE has a 12-month low of C$43.96 and a 12-month high of C$60.60.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.72 earnings per share for the quarter, meeting the consensus estimate of C$0.72. The firm had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.09 billion. BCE had a net margin of 7.88% and a return on equity of 9.36%. Research analysts expect that BCE will post 3.0157895 earnings per share for the current fiscal year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be issued a $0.998 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 9.01%. BCE’s dividend payout ratio (DPR) is presently 207.81%.

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.