BCE (BCE) Stock Price Down 0.7%

BCE Inc. (TSE:BCE) (NYSE:BCE)’s share price dropped 0.7% during trading on Thursday . The stock traded as low as C$59.74 and last traded at C$59.96. Approximately 986,462 shares were traded during trading, a decline of 27% from the average daily volume of 1,351,893 shares. The stock had previously closed at C$60.39.

BCE has been the subject of a number of recent analyst reports. Desjardins increased their price objective on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. JPMorgan Chase & Co. increased their price objective on BCE from C$65.00 to C$68.00 in a report on Monday, November 6th. Scotiabank increased their price objective on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Barclays increased their price objective on BCE from C$64.00 to C$65.00 in a report on Friday, November 3rd. Finally, National Bank Financial increased their price objective on BCE from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$63.08.

The company has a market capitalization of $53,990.00, a PE ratio of 18.56 and a beta of 0.01.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.717 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.87 dividend on an annualized basis and a yield of 4.78%. BCE’s dividend payout ratio (DPR) is 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.

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