BCE (TSE:BCE) PT Lowered to C$50.00

BCE (TSE:BCE) (NYSE:BCE) had its price target reduced by investment analysts at TD Securities from C$51.00 to C$50.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 7.81% from the stock’s current price.

BCE has been the topic of a number of other reports. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday. National Bankshares downgraded BCE from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$52.00 to C$48.00 in a report on Tuesday. Desjardins boosted their price target on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$51.00.

BCE Stock Performance

BCE traded down C$0.62 during trading hours on Wednesday, hitting C$46.38. The company’s stock had a trading volume of 1,255,233 shares, compared to its average volume of 2,948,334. The company has a 50-day simple moving average of C$47.22 and a 200 day simple moving average of C$46.08. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The firm has a market capitalization of C$42.31 billion, a PE ratio of 21.57, a PEG ratio of 1.90 and a beta of 0.48. BCE has a fifty-two week low of C$42.58 and a fifty-two week high of C$56.18.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). The company had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion. BCE had a net margin of 8.75% and a return on equity of 10.63%. As a group, sell-side analysts expect that BCE will post 3.0598958 EPS for the current 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.