Barclays Lowers BCE (TSE:BCE) Price Target to C$46.00

by · The Cerbat Gem

BCE (TSE:BCE – Free Report) (NYSE:BCE) had its price objective decreased by Barclays from C$48.00 to C$46.00 in a research note published on Wednesday, BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. National Bank Financial lowered shares of BCE from a strong-buy rating to a hold rating in a report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on shares of BCE from C$46.00 to C$47.00 and gave the stock a neutral rating in a report on Friday, August 2nd. BMO Capital Markets raised their price target on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Royal Bank of Canada raised their price target on shares of BCE from C$51.00 to C$53.00 in a report on Thursday, September 19th. Finally, National Bankshares lowered shares of BCE from an outperform rating to a sector perform rating and lowered their price target for the stock from C$52.00 to C$48.00 in a report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, BCE currently has a consensus rating of Hold and an average price target of C$50.36.

Read Our Latest Stock Analysis on BCE

BCE Stock Up 0.6 %

Shares of TSE BCE opened at C$45.45 on Wednesday. The company has a 50 day simple moving average of C$47.22 and a 200 day simple moving average of C$46.03. The firm has a market cap of C$41.46 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. BCE has a 1 year low of C$42.58 and a 1 year high of C$56.18. 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 (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). The business had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion. BCE had a net margin of 8.75% and a return on equity of 10.63%. On average, research analysts forecast that BCE will post 3.0598958 EPS for the current year.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.998 dividend. This represents a $3.99 annualized dividend and a yield of 8.78%. The ex-dividend date is Monday, September 16th. BCE’s payout ratio is currently 185.58%.

About BCE

(Get Free Report)

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.

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