BCE (TSE:BCE) Price Target Lowered to C$58.00 at Canaccord Genuity

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by Canaccord Genuity from C$69.00 to C$58.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the stock. Cormark boosted their target price on shares of BCE from C$61.00 to C$64.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of BCE from C$63.00 to C$65.00 in a research note on Friday, February 7th. National Bank Financial boosted their price target on shares of BCE from C$67.00 to C$68.00 and gave the stock an outperform rating in a research note on Friday, February 7th. Scotiabank boosted their price target on shares of BCE from C$66.00 to C$67.00 in a research note on Friday, February 7th. Finally, Royal Bank of Canada dropped their price target on shares of BCE from C$64.00 to C$58.00 in a research note on Wednesday, March 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of C$63.83.

Shares of TSE BCE traded up C$1.43 during trading on Wednesday, reaching C$54.96. The company had a trading volume of 5,075,329 shares, compared to its average volume of 3,195,066. BCE has a 52 week low of C$46.03 and a 52 week high of C$65.45. The stock has a market cap of $46.84 billion and a PE ratio of 16.31. The company has a debt-to-equity ratio of 122.83, a quick ratio of 0.44 and a current ratio of 0.57. The business’s 50 day moving average price is C$60.19 and its 200-day moving average price is C$62.20.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, February 6th. The company reported C$0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.90 by C($0.02). The business had revenue of C$6.32 billion for the quarter, compared to the consensus estimate of C$6.29 billion. Equities analysts anticipate that BCE will post 3.7700001 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be paid a dividend of $0.8325 per share. This represents a $3.33 dividend on an annualized basis and a dividend yield of 6.06%. This is an increase from BCE’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, March 13th. BCE’s payout ratio is 94.07%.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

Featured Story: Google Finance Portfolio

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.