Scotiabank Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by Scotiabank from C$45.00 to C$42.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 12.15% from the company’s previous close.

BCE has been the subject of several other reports. Cormark dropped their target price on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. BMO Capital Markets boosted their target price on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. JPMorgan Chase & Co. dropped their target price on shares of BCE from C$47.00 to C$41.00 in a research report on Friday, November 8th. Barclays dropped their target price on shares of BCE from C$46.00 to C$41.00 in a research report on Monday, November 11th. Finally, National Bankshares lowered their price objective on shares of BCE from C$48.00 to C$42.00 in a research report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BCE has an average rating of “Hold” and a consensus target price of C$44.86.

BCE Stock Down 1.0 %

Shares of TSE:BCE traded down C$0.36 during midday trading on Tuesday, hitting C$37.45. The stock had a trading volume of 2,214,091 shares, compared to its average volume of 3,154,110. The stock has a 50-day moving average price of C$43.85. The company has a market capitalization of C$34.16 billion, a P/E ratio of 17.40, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. BCE has a fifty-two week low of C$36.95 and a fifty-two week high of C$56.18.

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.