BCE (TSE:BCE) Price Target Lowered to C$47.00 at Royal Bank of Canada

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its target price lowered by investment analysts at Royal Bank of Canada from C$52.00 to C$47.00 in a report released on Tuesday, BayStreet.CA reports. Royal Bank of Canada's price target would indicate a potential upside of 17.74% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Cormark lowered their target price on shares of BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of BCE from C$46.00 to C$47.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Scotiabank reduced their price target on shares of BCE from C$50.50 to C$47.50 in a research note on Tuesday. Canaccord Genuity Group raised their price target on shares of BCE from C$50.00 to C$52.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets raised their price target on shares of BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$47.23.

BCE Trading Down 1.4 %

Shares of BCE stock traded down C$0.55 during trading on Tuesday, hitting C$39.92. The stock had a trading volume of 9,061,318 shares, compared to its average volume of 3,020,542. The firm's fifty day simple moving average is C$46.46 and its 200-day simple moving average is C$45.99. The stock has a market cap of C$36.42 billion, a PE ratio of 18.57, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a 12 month low of C$39.69 and a 12 month high of C$56.18.

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.