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

BCE (TSE:BCE) (NYSE:BCE) had its price target increased by National Bankshares from C$35.00 to C$36.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on BCE. Scotiabank reduced their price objective on BCE from C$42.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. TD Securities lifted their price objective on BCE from C$31.00 to C$33.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Canaccord Genuity Group lifted their price objective on BCE from C$33.00 to C$33.50 and gave the stock a “hold” rating in a research note on Friday, February 7th. Royal Bank of Canada reduced their price objective on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays downgraded BCE from an “equal weight” rating to an “underperform” rating and reduced their price objective for the stock from C$41.00 to C$30.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$40.50.

BCE Stock Up 0.3 %

Shares of BCE opened at C$35.16 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. BCE has a 12-month low of C$31.43 and a 12-month high of C$49.13. The business’s 50 day moving average is C$33.94 and its 200 day moving average is C$39.07. The company has a market capitalization of C$31.85 billion, a PE ratio of 117.96, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

BCE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 11.35%. The ex-dividend date is Friday, March 14th. BCE’s payout ratio 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.