BCE (TSE:BCE) Given New C$39.00 Price Target at TD Securities

BCE (TSE:BCE - Free Report) NYSE: BCE had its price target lowered by TD Securities from C$43.00 to C$39.00 in a report released on Monday,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. BMO Capital Markets increased their price objective on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Canaccord Genuity Group decreased their target price on BCE from C$41.00 to C$37.50 in a research report on Friday. JPMorgan Chase & Co. decreased their target price on BCE from C$47.00 to C$41.00 in a research report on Friday. Scotiabank decreased their price objective on BCE from C$50.50 to C$47.50 in a research report on Tuesday, November 5th. Finally, National Bankshares decreased their price objective on BCE from C$48.00 to C$42.00 in a research report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$45.36.

BCE Trading Down 1.8 %

BCE stock traded down C$0.70 during midday trading on Monday, hitting C$38.79. The stock had a trading volume of 3,986,180 shares, compared to its average volume of 3,088,188. The firm has a market capitalization of C$35.39 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$37.81 and a 52 week high of C$56.18. The stock's 50-day simple moving average is C$46.00. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43.

BCE Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $0.9975 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a yield of 10.29%. BCE's dividend payout ratio (DPR) is presently 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.