Royal Bank of Canada Lowers BCE (TSE:BCE) Price Target to C$45.00

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its target price cut by investment analysts at Royal Bank of Canada from C$47.00 to C$45.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada's price target indicates a potential upside of 16.01% from the company's current price.

A number of other equities research analysts also recently issued reports on BCE. Barclays lowered their target price on shares of BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. Scotiabank reduced their target price on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday, November 5th. Desjardins upped their price target on shares of BCE from C$48.00 to C$51.00 and gave the company a "hold" rating in a report on Friday, August 2nd. National Bankshares cut their price target on shares of BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Finally, Cormark cut their price target on shares of BCE from C$53.00 to C$52.00 in a 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$45.36.

BCE Stock Performance

TSE:BCE traded down C$0.70 during mid-day trading on Monday, hitting C$38.79. 3,986,180 shares of the company's stock traded hands, compared to its average volume of 3,088,188. 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 business has a 50 day simple moving average of C$46.00. BCE has a 1 year low of C$37.81 and a 1 year high of C$56.18. The stock has a market capitalization of C$35.39 billion, a P/E ratio of 18.17, a PEG ratio of 4.67 and a beta of 0.48.

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.