BCE (TSE:BCE) Downgraded by JPMorgan Chase & Co. to Underweight

BCE (TSE:BCE - Get Free Report) NYSE: BCE was downgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a C$29.00 target price on the stock, down from their prior target price of C$35.00. JPMorgan Chase & Co.'s price target indicates a potential downside of 11.31% from the stock's previous close.

Several other equities analysts have also recently commented on BCE. Canaccord Genuity Group reduced their target price on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Canaccord Genuity Group dropped their price objective on BCE from C$37.50 to C$33.00 and set a "hold" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada dropped their target price on shares of BCE from C$45.00 to C$41.00 and set a "sector perform" rating for the company in a report on Wednesday, December 18th. Barclays downgraded shares of BCE from an "equal weight" rating to an "underperform" rating and cut their target price for the company from C$41.00 to C$30.00 in a research note on Thursday, January 30th. Finally, National Bankshares cut their price target on shares of BCE from C$37.00 to C$35.00 and set a "sector perform" rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$40.42.

BCE Trading Up 1.5 %

Shares of BCE stock traded up C$0.49 during trading hours on Friday, reaching C$32.70. 2,714,576 shares of the company's stock were exchanged, compared to its average volume of 4,124,558. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The firm has a fifty day moving average price of C$34.29. The stock has a market cap of C$29.83 billion, a PE ratio of 15.21, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 1 year low of C$31.43 and a 1 year high of C$51.57.

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.