BCE (TSE:BCE) Given New C$35.00 Price Target at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by National Bankshares from C$37.00 to C$35.00 in a report issued on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets lifted their price objective on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on BCE from C$41.00 to C$35.00 and set a “neutral” rating for the company in a report on Thursday. Scotiabank dropped their price target on BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. TD Securities reduced their price objective on shares of BCE from C$37.00 to C$32.00 and set a “hold” rating for the company in a research report on Friday. Finally, Canaccord Genuity Group lowered their price objective on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$41.88.

BCE Trading Up 2.6 %

BCE opened at C$34.40 on Friday. BCE has a twelve month low of C$31.99 and a twelve month high of C$56.18. The company has a fifty day moving average of C$37.36 and a 200-day moving average of C$43.05. The stock has a market cap of C$31.38 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.9975 per share. The ex-dividend date is Monday, December 16th. This represents a $3.99 annualized dividend and a yield of 11.60%. BCE’s payout ratio is 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.