Canaccord Genuity Group Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target reduced by analysts at Canaccord Genuity Group from C$37.50 to C$33.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target suggests a potential downside of 0.84% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada decreased their price objective on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday. 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. JPMorgan Chase & Co. dropped their price objective on shares of BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Canaccord Genuity Group reduced their target price on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Finally, National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, BCE presently has an average rating of “Hold” and a consensus target price of C$43.38.

BCE Stock Down 0.0 %

Shares of BCE stock opened at C$33.28 on Thursday. The company’s fifty day simple moving average is C$39.90 and its two-hundred day simple moving average is C$44.03. BCE has a 52 week low of C$32.95 and a 52 week high of C$56.18. The stock has a market cap of C$30.36 billion, a P/E ratio of 15.48, a PEG 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 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.