Barclays Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price trimmed by Barclays from C$46.00 to C$41.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on BCE. Scotiabank cut their target price on BCE from C$50.50 to C$47.50 in a research note on Tuesday, November 5th. Cormark cut their price objective on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. TD Securities decreased their target price on BCE from C$43.00 to C$39.00 in a research report on Monday. National Bankshares cut their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Finally, BMO Capital Markets increased their price target on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$45.36.

BCE Stock Down 0.9 %

BCE opened at C$37.74 on Monday. BCE has a fifty-two week low of C$37.66 and a fifty-two week high of C$56.18. The firm has a market capitalization of C$34.43 billion, a P/E ratio of 17.55, a PEG ratio of 4.67 and a beta of 0.48. The company’s 50-day moving average is C$45.47 and its 200 day moving average is C$45.74. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43.

BCE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $0.9975 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.99 annualized dividend and a dividend yield of 10.57%. 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.