Research Analysts’ Recent Ratings Updates for BCE (BCE)

A number of firms have modified their ratings and price targets on shares of BCE (TSE: BCE) recently:

• 11/11/2024 – BCE had its price target lowered by analysts at Barclays PLC from C$46.00 to C$41.00.
• 11/11/2024 – BCE had its price target lowered by analysts at Royal Bank of Canada from C$47.00 to C$45.00.
• 11/11/2024 – BCE had its price target lowered by analysts at TD Securities from C$43.00 to C$39.00.
• 11/8/2024 – BCE had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$41.00 to C$37.50.
• 11/8/2024 – BCE had its price target lowered by analysts at JPMorgan Chase & Co. from C$47.00 to C$41.00.
• 11/5/2024 – BCE was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a C$41.00 price target on the stock, down previously from C$51.00.
• 11/5/2024 – BCE had its price target lowered by analysts at National Bankshares, Inc. from C$48.00 to C$42.00.
• 11/5/2024 – BCE had its price target lowered by analysts at Royal Bank of Canada from C$52.00 to C$47.00.
• 11/5/2024 – BCE had its price target lowered by analysts at Scotiabank from C$50.50 to C$47.50.
• 11/5/2024 – BCE had its price target lowered by analysts at TD Securities from C$50.00 to C$43.00.
• 10/10/2024 – BCE had its price target lowered by analysts at Royal Bank of Canada from C$53.00 to C$52.00.
• 10/9/2024 – BCE had its price target lowered by analysts at Barclays PLC from C$48.00 to C$46.00.
• 10/2/2024 – BCE had its price target lowered by analysts at TD Securities from C$51.00 to C$50.00. They now have a “hold” rating on the stock.
• 10/1/2024 – BCE was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a C$48.00 price target on the stock, down previously from C$52.00.
• 9/30/2024 – BCE was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating.
• 9/19/2024 – BCE had its price target raised by analysts at BMO Capital Markets from C$48.00 to C$51.00.
• 9/19/2024 – BCE had its price target raised by analysts at Canaccord Genuity Group Inc. from C$50.00 to C$52.00.
• 9/19/2024 – BCE had its price target raised by analysts at National Bankshares, Inc. from C$50.00 to C$52.00.
• 9/19/2024 – BCE had its price target raised by analysts at Royal Bank of Canada from C$51.00 to C$53.00.

BCE Stock Performance

Shares of TSE:BCE traded up C$0.27 during mid-day trading on Thursday, reaching C$38.36. 494,133 shares of the company traded hands, compared to its average volume of 3,095,199. The company’s 50 day moving average price is C$45.47 and its 200-day moving average price is C$45.74. The firm has a market cap of C$35.00 billion, a PE ratio of 17.84, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE Inc. has a 52 week low of C$37.81 and a 52 week high of C$56.18.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $0.9975 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 10.40%. BCE’s dividend payout ratio (DPR) is presently 185.58%.

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 two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.