Scotiabank Issues Pessimistic Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by Scotiabank from C$45.00 to C$42.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. Barclays decreased their price target on BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Desjardins increased their price target on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on shares of BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their target price on shares of BCE from C$47.00 to C$45.00 in a report on Monday, November 11th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, BCE currently has a consensus rating of “Hold” and an average price target of C$44.86.

BCE Trading Down 0.2 %

Shares of TSE:BCE opened at C$37.90 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The stock has a market capitalization of C$34.58 billion, a PE ratio of 17.63, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 1 year low of C$36.95 and a 1 year high of C$56.18. The firm has a fifty day moving average price of C$43.07 and a 200 day moving average price of C$45.11.

BCE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.9975 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s dividend payout ratio (DPR) is presently 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.