TD Securities Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by analysts at TD Securities from C$37.00 to C$32.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential downside of 6.98% from the company’s current price.

BCE has been the subject of a number of other research reports. Canaccord Genuity Group decreased their price objective on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays cut their price target on BCE from C$46.00 to C$41.00 in a research report on Monday, November 11th. Royal Bank of Canada decreased their price objective on 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, Scotiabank dropped their target price on BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$41.88.

BCE Trading Up 2.6 %

BCE opened at C$34.40 on Friday. The firm has a market cap of C$31.38 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 4.67 and a beta of 0.48. The stock has a fifty day moving average price of C$37.36 and a 200-day moving average price of C$43.07. BCE has a 12 month low of C$31.99 and a 12 month high of C$56.18. 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 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.