TD Securities Lowers BCE (TSE:BCE) Price Target to C$43.00

BCE (TSE:BCE) (NYSE:BCE) had its target price cut by analysts at TD Securities from C$50.00 to C$43.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 7.34% from the company’s previous close.

Other equities analysts have also issued reports about the company. Desjardins increased their price objective on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Canaccord Genuity Group increased their price objective on BCE from C$50.00 to C$52.00 in a report on Thursday, September 19th. National Bankshares downgraded BCE from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$52.00 to C$48.00 in a research report on Tuesday, October 1st. Cormark dropped their target price on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, BCE has an average rating of “Hold” and an average price target of C$47.23.

BCE Price Performance

Shares of TSE BCE opened at C$40.06 on Tuesday. The stock has a fifty day simple moving average of C$46.32 and a two-hundred day simple moving average of C$45.95. BCE has a 1-year low of C$39.43 and a 1-year high of C$56.18. The firm has a market cap of C$36.55 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43.

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.