BCE (TSE:BCE – Free Report) (NYSE:BCE) had its price objective cut by National Bankshares from C$58.00 to C$55.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
BCE has been the topic of a number of other research reports. CIBC boosted their price objective on BCE from C$55.00 to C$56.00 and gave the stock a neutral rating in a research note on Monday, December 18th. JPMorgan Chase & Co. cut their target price on BCE from C$59.00 to C$58.00 and set an equal weight rating on the stock in a research report on Monday, November 6th. Desjardins boosted their target price on BCE from C$57.50 to C$58.00 and gave the stock a hold rating in a research report on Friday, January 26th. TD Securities cut their target price on BCE from C$55.00 to C$51.00 and set a hold rating on the stock in a research report on Friday. Finally, Barclays cut their target price on BCE from C$60.00 to C$55.00 and set an equal weight rating on the stock in a research report on Thursday, November 16th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, BCE currently has an average rating of Hold and a consensus price target of C$55.81.
BCE Trading Up 1.2 %
BCE Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be issued a dividend of $0.998 per share. This represents a $3.99 dividend on an annualized basis and a yield of 7.81%. This is a boost from BCE’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 14th. BCE’s dividend payout ratio (DPR) is currently 175.00%.
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.
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