BCE (TSE:BCE) Price Target Lowered to C$35.00 at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its price target reduced by research analysts at JPMorgan Chase & Co. from C$41.00 to C$35.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.82% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Canaccord Genuity Group lowered their price target on BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. National Bankshares lowered their target price on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Finally, Barclays cut their price target on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$42.88.

BCE Price Performance

TSE:BCE traded up C$0.07 during trading hours on Thursday, reaching C$33.39. The stock had a trading volume of 1,576,349 shares, compared to its average volume of 3,334,637. The stock has a market capitalization of C$30.46 billion, a PE ratio of 15.53, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$31.99 and a 52 week high of C$56.18. The company has a 50 day moving average price of C$37.83 and a two-hundred day moving average price of C$43.25. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

About BCE

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.