BCE (TSE:BCE) Price Target Cut to C$38.00 by Analysts at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by equities research analysts at TD Securities from C$39.00 to C$38.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 16.82% from the stock’s previous close.

Several other research firms also recently commented on BCE. Desjardins lifted their price objective on BCE from C$40.50 to C$41.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Royal Bank Of Canada raised BCE from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. Scotiabank boosted their price objective on BCE from C$39.50 to C$41.50 and gave the company an “outperform” rating in a research report on Monday, September 8th. CIBC raised their target price on shares of BCE from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, BMO Capital Markets decreased their target price on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, BCE has a consensus rating of “Hold” and a consensus target price of C$36.33.

BCE Trading Down 0.5%

TSE:BCE traded down C$0.17 during trading hours on Friday, reaching C$32.53. The company’s stock had a trading volume of 4,424,740 shares, compared to its average volume of 3,705,387. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market capitalization of C$30.34 billion, a price-to-earnings ratio of 70.72, a PEG ratio of 4.67 and a beta of 0.52. The firm has a 50-day simple moving average of C$32.89 and a 200-day simple moving average of C$32.04. BCE has a 1 year low of C$28.73 and a 1 year high of C$39.83.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.