BCE (TSE:BCE) PT Lowered to C$53.00 at Scotiabank

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by Scotiabank from C$53.25 to C$53.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms have also issued reports on BCE. Cormark lowered their target price on BCE from C$58.00 to C$53.00 in a report on Thursday, April 18th. National Bankshares dropped their target price on shares of BCE from C$55.00 to C$53.00 and set an outperform rating on the stock in a research report on Monday, March 25th. Canaccord Genuity Group decreased their target price on BCE from C$57.00 to C$55.00 and set a buy rating for the company in a research report on Friday, February 9th. CIBC upgraded BCE from a neutral rating to an outperform rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of BCE from C$54.00 to C$47.00 in a research note on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of C$52.15.

BCE Stock Up 1.8 %

Shares of BCE stock opened at C$45.96 on Friday. BCE has a twelve month low of C$43.96 and a twelve month high of C$65.11. The stock has a market capitalization of C$41.93 billion, a price-to-earnings ratio of 23.81, 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. The business’s 50 day simple moving average is C$46.42 and its 200-day simple moving average is C$50.82.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.03. BCE had a return on equity of 9.36% and a net margin of 7.88%. The business had revenue of C$6.47 billion during the quarter, compared to analyst estimates of C$6.48 billion. Equities research analysts forecast that BCE will post 3.0296638 earnings per share for the current year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $0.998 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.99 annualized dividend and a yield of 8.69%. BCE’s payout ratio is 206.74%.

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.