BCE (TSE:BCE) Hits New 1-Year Low – Time to Sell?

BCE Inc. (TSE:BCE) (NYSE:BCE)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$33.44 and last traded at C$33.50, with a volume of 3795194 shares. The stock had previously closed at C$34.05.

Analysts Set New Price Targets

BCE has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday. TD Securities decreased their price objective on shares of BCE from C$39.00 to C$37.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. National Bankshares cut their target price on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Scotiabank decreased their price target on shares of BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. Finally, Barclays lowered their price target on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$43.38.

BCE Trading Down 1.5 %

The firm has a market capitalization of C$30.37 billion, a P/E ratio of 15.48, a PEG ratio of 4.67 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The firm has a 50 day moving average of C$40.40 and a 200-day moving average of C$44.21.

BCE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.9975 per share. This represents a $3.99 annualized dividend and a dividend yield of 11.99%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s dividend payout ratio (DPR) 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.