TD Securities Issues Pessimistic Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price target reduced by equities researchers at TD Securities from C$32.00 to C$31.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price target suggests a potential downside of 11.40% from the company's current price.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of BCE from C$41.00 to C$35.00 and set a "neutral" rating for the company in a research report on Thursday, January 2nd. National Bankshares lowered their price target on shares of BCE from C$37.00 to C$35.00 and set a "sector perform" rating for the company in a research report on Friday, January 3rd. Barclays lowered shares of BCE from an "equal weight" rating to an "underperform" rating and decreased their target price for the company from C$41.00 to C$30.00 in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. Finally, Royal Bank of Canada cut their price target 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, BCE currently has an average rating of "Hold" and a consensus price target of C$40.88.

BCE Stock Up 1.1 %

Shares of TSE BCE traded up C$0.38 during trading on Thursday, reaching C$34.99. 4,703,039 shares of the stock were exchanged, compared to its average volume of 3,515,431. The business's 50-day moving average price is C$34.76. BCE has a twelve month low of C$31.43 and a twelve month high of C$53.51. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The company has a market cap of C$31.92 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.77 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. During the same quarter last year, the firm earned $0.81 earnings per share. As a group, sell-side analysts expect that BCE will post 3.1120864 earnings per share for the current fiscal year.

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.