BCE (TSE:BCE) Price Target Lowered to C$41.00 at Royal Bank of Canada

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

A number of other research firms have also recently commented on BCE. BMO Capital Markets increased their target price on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. JPMorgan Chase & Co. reduced their price objective on BCE from C$47.00 to C$41.00 in a research report on Friday, November 8th. Canaccord Genuity Group dropped their target price on BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. TD Securities cut their target price on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. Finally, National Bankshares decreased their price target on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$43.38.

BCE Price Performance

Shares of TSE:BCE opened at C$33.29 on Wednesday. The company’s fifty day moving average price is C$40.15 and its 200-day moving average price is C$44.12. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The firm has a market capitalization of C$30.37 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 4.67 and a beta of 0.48. BCE has a one year low of C$33.02 and a one year high of C$56.18.

About BCE

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.