BCE Inc. (BCE) Dividend De-Risked, BMO Capital Raises to Outperform

BCE Inc. (NYSE:BCE) ranks among the best telecom stocks to invest in. On December 11, BMO Capital upgraded BCE Inc. (NYSE:BCE) from Market Perform to Outperform, retaining a C$37 price target on the company’s shares. The increase represents a “relatively more attractive risk/reward profile” for the company. BCE’s dividend has been “derisked with reasonable FCF payout ratios,” according to BMO Capital, easing a major worry for investors in the high-yield telecom industry. The firm believes that by combini ...