BCE (TSE:BCE) PT Lowered to C$51.00 at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by Royal Bank of Canada from C$54.00 to C$51.00 in a report released on Tuesday, BayStreet.CA reports.

BCE has been the subject of several other research reports. JPMorgan Chase & Co. cut their price objective on BCE from C$54.00 to C$47.00 in a report on Wednesday, April 3rd. Cormark cut their price target on BCE from C$58.00 to C$53.00 in a report on Thursday, April 18th. CIBC raised BCE from a neutral rating to an outperform rating in a report on Tuesday, April 23rd. Scotiabank cut their price target on BCE from C$53.25 to C$53.00 and set a sector perform rating for the company in a report on Friday, May 3rd. Finally, BMO Capital Markets raised their price target on BCE from C$46.00 to C$47.00 and gave the company a market perform rating in a report on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$51.31.

BCE Trading Up 1.6 %

TSE BCE opened at C$43.99 on Tuesday. The company has a market cap of C$40.13 billion, a PE ratio of 22.91, a PEG ratio of 1.90 and a beta of 0.44. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 184.91. BCE has a 12 month low of C$42.58 and a 12 month high of C$59.25. The stock has a 50 day moving average of C$45.53 and a 200-day moving average of C$48.24.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.72 EPS for the quarter, meeting the consensus estimate of C$0.72. The company had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.09 billion. BCE had a return on equity of 9.36% and a net margin of 7.88%. On average, equities research analysts anticipate that BCE will post 3.0157895 EPS for the current fiscal year.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be given a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Friday, June 14th. BCE’s payout ratio is 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.