BCE Inc. (TSE:BCE) (NYSE:BCE) had its price objective reduced by J P Morgan Chase & Co from C$66.00 to C$64.00 in a research note issued to investors on Friday. They currently have an overweight rating on the stock.
A number of other research firms also recently weighed in on BCE. Goldman Sachs Group, Inc. (The) decreased their price objective on BCE from C$67.00 to C$65.00 in a report on Wednesday, February 1st. Royal Bank Of Canada cut shares of BCE from an outperform rating to a sector perform rating and cut their price target for the company from C$61.00 to C$60.00 in a research report on Monday, January 9th. Bank of America Corporation cut their price target on shares of BCE from C$64.00 to C$60.00 in a research report on Wednesday, December 7th. Finally, National Bank Financial cut their price target on shares of BCE from C$60.00 to C$59.00 and set a sector perform rating on the stock in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$62.08.
Shares of BCE (TSE:BCE) opened at 58.15 on Friday. The firm has a market cap of $50.63 billion and a P/E ratio of 17.46. The company has a 50 day moving average price of $58.20 and a 200-day moving average price of $60.04. BCE has a 52-week low of $54.95 and a 52-week high of $63.40.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.7175 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 4.94%. This is a boost from BCE’s previous quarterly dividend of $0.68.
BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.