BCE (TSE:BCE) Price Target Raised to C$33.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by equities researchers at TD Securities from C$31.00 to C$33.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 3.55% from the company’s current price.

Other research analysts have also issued reports about the company. National Bankshares reduced their target price on BCE from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Friday, January 3rd. Barclays lowered BCE from an “equal weight” rating to an “underperform” rating and cut their price objective for the company from C$41.00 to C$30.00 in a report on Thursday, January 30th. Scotiabank cut their price objective on BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. cut their price objective on BCE from C$41.00 to C$35.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Finally, Canaccord Genuity Group cut their price objective on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$40.42.

BCE Stock Down 5.4 %

TSE:BCE traded down C$1.83 during mid-day trading on Friday, hitting C$31.87. 5,480,790 shares of the company’s stock traded hands, compared to its average volume of 3,999,223. The company has a fifty day moving average of C$34.53 and a 200 day moving average of C$41.31. BCE has a twelve month low of C$31.43 and a twelve month high of C$52.01. The company has a market capitalization of C$29.07 billion, a P/E ratio of 14.82, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, November 7th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.81 EPS. On average, analysts forecast that BCE will post 3.1120864 EPS for the current 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.