BCE (TSE:BCE - Free Report) NYSE: BCE had its price objective decreased by CIBC from C$52.00 to C$33.00 in a report released on Thursday,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
A number of other equities analysts also recently weighed in on the stock. UBS Group lowered their target price on shares of BCE from C$34.00 to C$32.00 in a research note on Wednesday, May 21st. National Bank Financial raised shares of BCE from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Scotiabank upgraded BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 price objective on the stock in a research note on Monday, June 2nd. Desjardins raised their price target on shares of BCE from C$36.00 to C$39.00 and gave the company a "hold" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on BCE from C$28.00 to C$29.00 in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$36.73.
Check Out Our Latest Research Report on BCE
BCE Price Performance
BCE stock traded up C$0.03 during midday trading on Thursday, reaching C$30.84. 1,202,006 shares of the stock were exchanged, compared to its average volume of 3,911,343. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market capitalization of C$27.93 billion, a PE ratio of 103.46, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$28.73 and a 52 week high of C$49.13. The company has a fifty day moving average price of C$30.17 and a 200 day moving average price of C$31.99.
BCE Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Monday, June 16th. BCE's dividend payout ratio is currently 1,338.57%.
About BCE
(
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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.
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