Scotiabank Lowers BCE (TSE:BCE) Price Target to C$42.00

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective decreased by stock analysts at Scotiabank from C$45.00 to C$42.00 in a research report issued on Tuesday,BayStreet.CA reports. Scotiabank's price target indicates a potential upside of 12.12% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets upped their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of BCE from C$47.00 to C$41.00 in a research note on Friday, November 8th. Cormark decreased their price target on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Royal Bank of Canada decreased their price target on shares of BCE from C$47.00 to C$45.00 in a research note on Monday, November 11th. Finally, National Bank Financial cut shares of BCE from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, BCE has an average rating of "Hold" and a consensus target price of C$44.86.

BCE Stock Down 0.9 %

Shares of BCE stock traded down C$0.35 during trading hours on Tuesday, hitting C$37.46. The company had a trading volume of 4,318,250 shares, compared to its average volume of 3,163,689. The company's 50-day moving average is C$43.65 and its two-hundred day moving average is C$45.27. BCE has a twelve month low of C$36.95 and a twelve month high of C$56.18. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The company has a market cap of C$34.17 billion, a P/E ratio of 17.42, a price-to-earnings-growth 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.