BCE (TSE:BCE) PT Lowered to C$50.00 at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by TD Securities from C$51.00 to C$50.00 in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets raised their price target on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. National Bank Financial cut shares of BCE from a strong-buy rating to a hold rating in a report on Monday, September 30th. Cormark decreased their target price on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Canaccord Genuity Group increased their price target on shares of BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. Finally, National Bankshares cut shares of BCE from an outperform rating to a sector perform rating and decreased their price objective for the company from C$52.00 to C$48.00 in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of C$51.00.

BCE Trading Down 0.3 %

Shares of BCE opened at C$45.76 on Wednesday. BCE has a fifty-two week low of C$42.58 and a fifty-two week high of C$56.18. The firm has a market cap of C$41.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.90 and a beta of 0.48. The firm has a 50 day moving average price of C$47.23 and a 200-day moving average price of C$46.06. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing the consensus estimate of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The business had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion. As a group, equities research analysts forecast that BCE will post 3.0598958 earnings per share for the current year.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.998 per share. This represents a $3.99 annualized dividend and a yield of 8.72%. The ex-dividend date is Monday, September 16th. BCE’s dividend payout ratio is currently 185.58%.

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.