National Bankshares Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price objective reduced by equities researchers at National Bankshares from C$37.00 to C$35.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 1.74% from the stock’s previous close.

BCE has been the topic of a number of other research reports. Canaccord Genuity Group cut their target price on shares of BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Scotiabank cut their price objective on BCE from C$45.00 to C$42.00 in a research note on Tuesday, November 26th. TD Securities reduced their target price on BCE from C$37.00 to C$32.00 and set a “hold” rating on the stock in a report on Friday. Barclays lowered their price target on BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada reduced their price objective on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 18th. Ten equities 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 presently has a consensus rating of “Hold” and a consensus target price of C$41.88.

BCE Stock Up 2.6 %

Shares of TSE:BCE opened at C$34.40 on Friday. The firm has a market cap of C$31.38 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company has a fifty day simple moving average of C$37.36 and a 200 day simple moving average of C$43.07. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. BCE has a 12-month low of C$31.99 and a 12-month high of C$56.18.

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.