TD Securities Lowers BCE (TSE:BCE) Price Target to C$31.00

BCE (TSE:BCE) (NYSE:BCE) had its target price reduced by TD Securities from C$32.00 to C$31.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 10.43% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays cut shares of BCE from an “equal weight” rating to an “underperform” rating and cut their target price for the company from C$41.00 to C$30.00 in a research note on Thursday. National Bankshares cut their price objective on BCE from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. Canaccord Genuity Group decreased their target price on BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price target on BCE from C$41.00 to C$35.00 and set a “neutral” rating for the company in a research note on Thursday, January 2nd. Finally, Canaccord Genuity Group reduced their price objective on BCE from C$37.50 to C$33.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, BCE presently has an average rating of “Hold” and a consensus target price of C$40.88.

BCE Stock Performance

TSE:BCE opened at C$34.61 on Thursday. The stock has a 50-day moving average price of C$34.82 and a 200 day moving average price of C$41.63. The stock has a market capitalization of C$31.57 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 12-month low of C$31.43 and a 12-month high of C$54.89. 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 (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.77 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. During the same quarter in the previous year, the business earned $0.81 EPS. Equities research analysts forecast that BCE will post 3.1120864 EPS for the current fiscal year.

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.