Royal Bank of Canada Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by equities research analysts at Royal Bank of Canada from C$45.00 to C$41.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 23.16% from the company’s current price.

BCE has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price target on BCE from C$47.00 to C$41.00 in a research report on Friday, November 8th. TD Securities dropped their price objective on shares of BCE from C$39.00 to C$37.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank lowered their price target on shares of BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Finally, National Bankshares cut their price objective on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$43.38.

BCE Trading Down 1.5 %

TSE:BCE opened at C$33.29 on Wednesday. BCE has a 12 month low of C$33.02 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. The firm’s 50 day moving average is C$40.15 and its 200 day moving average is C$44.12. The stock has a market capitalization of C$30.37 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

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.