BCE (TSE:BCE) Cut to Sector Perform Market Weight at National Bank Financial

National Bank Financial cut shares of BCE (TSE:BCEGet Rating) (NYSE:BCE) from an outperform market weight rating to a sector perform market weight rating in a research note released on Wednesday.

A number of other equities analysts have also recently weighed in on the company. National Bankshares decreased their price target on BCE from C$68.00 to C$66.00 and set an outperform rating for the company in a report on Wednesday, December 21st. Barclays reduced their target price on BCE from C$66.00 to C$64.00 in a research note on Monday, January 9th. Royal Bank of Canada raised their price objective on BCE from C$63.00 to C$64.00 and gave the stock a sector perform rating in a research note on Friday, November 4th. Canaccord Genuity Group reduced their price objective on BCE from C$67.00 to C$63.00 in a research note on Thursday, October 20th. Finally, Scotiabank raised their target price on BCE from C$65.50 to C$66.75 in a research note on Friday, November 4th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$65.31.

BCE Stock Up 0.7 %

TSE BCE opened at C$62.48 on Wednesday. The stock has a market cap of C$56.98 billion and a PE ratio of 20.22. BCE has a fifty-two week low of C$55.66 and a fifty-two week high of C$74.09. The business has a 50 day moving average price of C$61.91 and a two-hundred day moving average price of C$62.23. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 136.88.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last released its quarterly earnings results on Thursday, November 3rd. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. The company had revenue of C$6.02 billion during the quarter, compared to analysts’ expectations of C$5.99 billion. As a group, sell-side analysts predict that BCE will post 3.5499997 EPS for the current fiscal year.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Monday, January 16th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Wednesday, December 14th. BCE’s dividend payout ratio is currently 117.64%.

About BCE

(Get Rating)

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communication products and services, as well as consumer electronics products.

Read More

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.