BCE (TSE:BCE) Rating Lowered to "Hold" at Canaccord Genuity Group

BCE (TSE:BCE - Get Free Report) NYSE: BCE was downgraded by analysts at Canaccord Genuity Group from a "buy" rating to a "hold" rating in a report released on Tuesday, BayStreet.CA reports. They currently have a C$41.00 price objective on the stock, down from their prior price objective of C$51.00. Canaccord Genuity Group's price target would suggest a potential upside of 2.71% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of BCE from C$46.00 to C$47.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. TD Securities lowered their price objective on shares of BCE from C$50.00 to C$43.00 in a research note on Tuesday. Scotiabank dropped their price objective on BCE from C$50.50 to C$47.50 in a report on Tuesday. National Bankshares reduced their target price on BCE from C$48.00 to C$42.00 in a report on Tuesday. Finally, BMO Capital Markets upped their price target on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$47.23.

BCE Trading Down 1.4 %

BCE stock traded down C$0.55 during trading on Tuesday, hitting C$39.92. The company's stock had a trading volume of 9,061,318 shares, compared to its average volume of 3,020,542. The stock's fifty day moving average is C$46.46 and its 200 day moving average is C$45.99. 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 has a 1-year low of C$39.69 and a 1-year high of C$56.18. The stock has a market capitalization of C$36.42 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 4.67 and a beta of 0.48.

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.