BCE (TSE:BCE) Price Target Cut to C$41.00 by Analysts at Barclays

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by Barclays from C$46.00 to C$41.00 in a research note published on Monday morning,BayStreet.CA reports.

BCE has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank reduced their price target on BCE from C$50.50 to C$47.50 in a research report on Tuesday, November 5th. TD Securities lowered their price objective on BCE from C$43.00 to C$39.00 in a report on Monday. Finally, National Bankshares reduced their target price on BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$45.36.

BCE Stock Performance

Shares of TSE:BCE opened at C$38.79 on Monday. The company has a 50 day moving average price of C$46.00. BCE has a 52 week low of C$37.81 and a 52 week high of C$56.18. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The stock has a market cap of C$35.39 billion, a P/E ratio of 18.17, a PEG ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.9975 per share. 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 is currently 185.58%.

About BCE

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.