BCE (TSE:BCE) Price Target Raised to C$36.00

BCE (TSE:BCE - Free Report) NYSE: BCE had its price objective increased by National Bankshares from C$35.00 to C$36.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research analysts have also commented on BCE. Scotiabank lowered their price objective on shares of BCE from C$42.00 to C$40.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lowered their price objective on shares of BCE from C$45.00 to C$41.00 and set a "sector perform" rating for the company in a research note on Wednesday, December 18th. Canaccord Genuity Group lifted their price target on shares of BCE from C$33.00 to C$33.50 and gave the stock a "hold" rating in a research note on Friday, February 7th. TD Securities lifted their price target on shares of BCE from C$31.00 to C$33.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. downgraded shares of BCE from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from C$35.00 to C$29.00 in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$40.50.

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BCE Stock Performance

TSE BCE traded down C$1.46 during mid-day trading on Tuesday, reaching C$33.70. 4,832,142 shares of the stock were exchanged, compared to its average volume of 3,942,265. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The business's 50 day moving average is C$33.93 and its 200-day moving average is C$38.98. The company has a market capitalization of C$30.52 billion, a P/E ratio of 113.06, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 1 year low of C$31.43 and a 1 year high of C$49.13.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.9975 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.99 dividend on an annualized basis and a yield of 11.84%. BCE's dividend payout ratio (DPR) is 1,338.57%.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.