BCE Inc. (TSE:BCE) Given Consensus Recommendation of “Hold” by Brokerages

BCE Inc. (TSE:BCE) (NYSE:BCE) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$43.38.

BCE has been the topic of a number of research reports. Scotiabank decreased their price objective on BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their price target on BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Barclays lowered their price objective on BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Finally, National Bankshares dropped their price objective on BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th.

BCE Trading Down 0.0 %

Shares of TSE:BCE opened at C$33.28 on Monday. BCE has a 12-month low of C$32.95 and a 12-month high of C$56.18. The business has a 50 day moving average of C$39.90 and a 200-day moving average of C$44.03. 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 stock has a market cap of C$30.36 billion, a PE ratio of 15.48, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The business also recently disclosed 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 yield of 11.99%. 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.