Royal Bank of Canada Lowers BCE (TSE:BCE) Price Target to C$52.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by equities researchers at Royal Bank of Canada from C$53.00 to C$52.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 14.01% from the stock’s previous close.

Several other analysts have also commented on the stock. BMO Capital Markets increased their price target on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on shares of BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays decreased their price target on shares of BCE from C$48.00 to C$46.00 in a research report on Wednesday. TD Securities decreased their price target on shares of BCE from C$51.00 to C$50.00 and set a “hold” rating for the company in a research report on Wednesday, October 2nd. Finally, Desjardins increased their price target on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, BCE currently has an average rating of “Hold” and an average target price of C$50.75.

BCE Trading Down 0.2 %

Shares of TSE BCE traded down C$0.07 during mid-day trading on Thursday, reaching C$45.61. The company had a trading volume of 382,963 shares, compared to its average volume of 2,924,297. The business’s 50-day moving average is C$47.24 and its 200-day moving average is C$46.04. 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 stock has a market cap of C$41.61 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. BCE has a 52 week low of C$42.58 and a 52 week high of C$56.18.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The business had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.07 billion. Equities analysts expect that BCE will post 3.0598958 earnings per share 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.