BCE (TSE:BCE) Given New C$47.00 Price Target at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by Royal Bank of Canada from C$52.00 to C$47.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Several other research analysts have also issued reports on the stock. Scotiabank cut their target price on shares of BCE from C$50.50 to C$47.50 in a research note on Tuesday. Desjardins increased their price objective on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Canaccord Genuity Group raised their price target on shares of BCE from C$50.00 to C$52.00 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 research report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, BCE has an average rating of “Hold” and a consensus target price of C$47.23.

BCE Price Performance

Shares of BCE opened at C$39.92 on Tuesday. The firm has a market cap of C$36.42 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 52-week low of C$39.69 and a 52-week high of C$56.18. The business’s 50 day moving average price is C$46.46 and its two-hundred day moving average price is C$45.99. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.998 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.99 annualized dividend and a yield of 10.00%. BCE’s dividend payout ratio (DPR) is 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.