BCE (TSE:BCE) Given New C$41.00 Price Target at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price trimmed by Royal Bank of Canada from C$45.00 to C$41.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

BCE has been the topic of a number of other reports. TD Securities dropped their price target on shares of BCE from C$39.00 to C$37.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. decreased their price target on shares of BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. BMO Capital Markets upped their price objective on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Scotiabank decreased their target price on BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Finally, National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$44.32.

BCE Trading Up 0.1 %

Shares of BCE stock opened at C$33.81 on Wednesday. The stock has a market cap of C$30.84 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. BCE has a 1-year low of C$33.02 and a 1-year high of C$56.18. The stock has a 50-day moving average of C$40.40 and a 200-day moving average of C$44.21.

BCE Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 11.80%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s payout ratio is 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.