BCE (BCE) Lowered to Hold at Desjardins

Desjardins downgraded shares of BCE (TSE:BCE) (NYSE:BCE) from a buy rating to a hold rating in a research note published on Friday morning.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price target on BCE from C$65.00 to C$68.00 in a research note on Monday, November 6th. National Bank Financial upped their price target on BCE from C$61.00 to C$64.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Scotiabank upped their price target on BCE from C$60.00 to C$61.00 and gave the company a sector perform rating in a research note on Friday, November 3rd. Barclays upped their price target on BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Finally, Royal Bank of Canada upped their price target on BCE from C$61.00 to C$62.00 and gave the company a sector perform rating in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BCE currently has a consensus rating of Buy and an average target price of C$63.08.

Shares of BCE (TSE BCE) traded down C$0.52 on Friday, hitting C$57.92. The stock had a trading volume of 1,988,200 shares, compared to its average volume of 1,330,000. BCE has a twelve month low of C$57.20 and a twelve month high of C$63.00. The firm has a market capitalization of $52,150.00, a price-to-earnings ratio of 17.93 and a beta of 0.01.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Thursday, December 14th. BCE’s dividend payout ratio (DPR) is presently 87.77%.

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About BCE

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Analyst Recommendations for BCE (TSE:BCE)

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