BCE (TSE:BCE) Given New C$58.00 Price Target at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by JPMorgan Chase & Co. from C$59.00 to C$58.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

BCE has been the topic of a number of other reports. Scotiabank lowered their target price on shares of BCE from C$61.00 to C$57.25 and set a sector perform rating on the stock in a research note on Monday, October 23rd. UBS Group lowered their target price on shares of BCE from C$65.00 to C$55.00 in a research note on Tuesday, October 10th. National Bankshares lowered their price objective on shares of BCE from C$60.00 to C$56.00 and set an outperform rating on the stock in a research note on Thursday, October 26th. National Bank Financial upgraded shares of BCE from a sector perform overweight rating to an outperform overweight rating in a research note on Wednesday, August 23rd. Finally, Royal Bank of Canada decreased their price target on shares of BCE from C$63.00 to C$59.00 and set a sector perform rating on the stock in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, BCE presently has an average rating of Hold and an average price target of C$58.88.

BCE Trading Down 0.6 %

BCE stock opened at C$54.20 on Monday. BCE has a one year low of C$49.57 and a one year high of C$65.66. The company’s fifty day moving average price is C$53.26 and its two-hundred day moving average price is C$57.71. The company has a debt-to-equity ratio of 162.87, a current ratio of 0.57 and a quick ratio of 0.43. The company has a market capitalization of C$49.45 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 3.71 and a beta of 0.52.

BCE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.9675 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.87 dividend on an annualized basis and a yield of 7.14%. This is an increase from BCE’s previous quarterly dividend of $0.97. BCE’s payout ratio is currently 158.61%.

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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.