BCE (TSE:BCE) Price Target Cut to C$43.00 by Analysts at TD Securities

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective dropped by TD Securities from C$50.00 to C$43.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities' target price would suggest a potential upside of 7.72% from the stock's current price.

BCE has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Cormark reduced their price target on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of BCE from C$46.00 to C$47.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Barclays reduced their price target on shares of BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Finally, National Bankshares cut shares of BCE from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$52.00 to C$48.00 in a research report on Tuesday, October 1st. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$47.23.

BCE Trading Down 1.4 %

BCE stock traded down C$0.55 during mid-day trading on Tuesday, hitting C$39.92. The company's stock had a trading volume of 9,061,318 shares, compared to its average volume of 3,020,542. The business has a 50 day moving average price of C$46.46 and a 200-day moving average price of C$45.99. BCE has a 12 month low of C$39.69 and a 12 month high of C$56.18. The stock has a market cap of C$36.42 billion, a price-to-earnings ratio of 18.57, 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 current ratio of 0.65 and a quick ratio of 0.43.

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.