BCE (TSE:BCE) Price Target Lowered to C$35.00 at JPMorgan Chase & Co.

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its target price dropped by equities researchers at JPMorgan Chase & Co. from C$41.00 to C$35.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 4.42% from the company's previous close.

A number of other research firms also recently weighed in on BCE. National Bank Financial downgraded BCE from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Barclays reduced their price target on BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. Royal Bank of Canada lowered their price objective on BCE from C$45.00 to C$41.00 and set a "sector perform" rating for the company in a research report on Wednesday, December 18th. Canaccord Genuity Group reduced their target price on shares of BCE from C$37.50 to C$33.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Finally, TD Securities lowered their price target on shares of BCE from C$39.00 to C$37.00 and set a "hold" rating for the company in a research report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$42.88.

BCE Trading Up 0.6 %

Shares of BCE stock traded up C$0.20 during midday trading on Thursday, reaching C$33.52. 2,667,699 shares of the company's stock traded hands, compared to its average volume of 3,334,637. The stock has a 50 day moving average of C$37.58 and a 200-day moving average of C$43.16. BCE has a 12 month low of C$31.99 and a 12 month high of C$56.18. The company has a market cap of C$30.58 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. 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 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.