BCE (TSE:BCE – Free Report) (NYSE:BCE) had its target price reduced by Desjardins from C$58.00 to C$55.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on BCE from C$59.00 to C$58.00 and set an equal weight rating on the stock in a research note on Monday, November 6th. Scotiabank decreased their price objective on BCE from C$57.25 to C$55.50 and set a sector perform rating for the company in a research note on Friday. Canaccord Genuity Group decreased their price target on BCE from C$57.00 to C$55.00 and set a buy rating for the company in a research note on Friday. BMO Capital Markets decreased their price target on BCE from C$60.00 to C$54.00 and set an outperform rating for the company in a research note on Friday. Finally, CIBC reduced their price objective on BCE from C$56.00 to C$54.00 and set a neutral rating for the company in a research note on Friday. 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, the stock currently has an average rating of Hold and an average price target of C$55.81.
BCE Stock Up 1.2 %
BCE Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.998 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from BCE’s previous quarterly dividend of $0.97. This represents a $3.99 annualized dividend and a yield of 7.81%. BCE’s dividend payout ratio 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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