BCE (TSE:BCE) Stock Price Expected to Rise, National Bankshares Analyst Says

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by research analysts at National Bankshares from C$35.00 to C$36.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 1.35% from the stock’s current price.

Several other brokerages have also commented on BCE. Scotiabank cut their price target on shares of BCE from C$42.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. TD Securities increased their price target on shares of BCE from C$31.00 to C$33.00 and gave the stock a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. downgraded shares of BCE from a “neutral” rating to an “underweight” rating and reduced their price target for the company from C$35.00 to C$29.00 in a research report on Friday, February 7th. Royal Bank of Canada dropped their target price on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group increased their price target on shares of BCE from C$33.00 to C$33.50 and gave the company a “hold” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$40.50.

BCE Stock Down 2.3 %

BCE stock traded down C$0.83 during mid-day trading on Tuesday, reaching C$35.52. 3,327,059 shares of the company’s stock were exchanged, compared to its average volume of 3,841,314. The firm has a market capitalization of C$32.17 billion, a P/E ratio of 119.16, a P/E/G ratio of 4.67 and a beta of 0.48. The stock’s fifty day simple moving average is C$33.83. BCE has a twelve month low of C$31.43 and a twelve month high of C$49.20. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.