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

BCE (TSE:BCE) (NYSE:BCE) had its price target dropped by analysts at Canaccord Genuity Group from C$41.00 to C$37.50 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential downside of 5.04% from the stock’s current price.

A number of other research firms also recently issued reports on BCE. Scotiabank cut their price target on BCE from C$50.50 to C$47.50 in a research note on Tuesday, November 5th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada reduced their target price on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday, November 5th. Desjardins increased their price target on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Cormark cut their price objective on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$46.36.

BCE Stock Performance

Shares of BCE opened at C$39.49 on Friday. The firm has a market capitalization of C$36.03 billion, a P/E ratio of 18.37, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a one year low of C$37.81 and a one year high of C$56.18. The business has a fifty day moving average of C$46.00 and a 200 day moving average of C$45.87.

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.