BCE (TSE:BCE) Price Target Cut to C$50.00

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by TD Securities from C$51.00 to C$50.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 8.98% from the company’s current price.

Other analysts have also issued reports about the stock. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada increased their target price on BCE from C$51.00 to C$53.00 in a report on Thursday, September 19th. National Bankshares downgraded BCE from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$52.00 to C$48.00 in a research report on Tuesday. Cormark reduced their price objective on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group lifted their price objective on BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BCE presently has an average rating of “Hold” and an average target price of C$51.00.

BCE Stock Down 1.3 %

BCE opened at C$45.88 on Wednesday. BCE has a one year low of C$42.58 and a one year high of C$56.18. The company has a market cap of C$41.86 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.90 and a beta of 0.48. The business’s fifty day moving average is C$47.23 and its two-hundred day moving average is C$46.06. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The business had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.07 billion. Analysts anticipate that BCE will post 3.0598958 EPS for the current fiscal year.

BCE Company Profile

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.