BCE (TSE:BCE – Free Report) (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 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.
- Five stocks we like better than BCE
- High Flyers: 3 Natural Gas Stocks for March 2022
- These 5 small-cap impact stocks are making social change
- How to Use the MarketBeat Dividend Calculator
- Alphabet slays its earnings but falls on its sword with cloud
- Investing In Automotive Stocks
- There’s nothing artificial about NVIDIA’s relationship with AI
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.