TD Securities Cuts BCE (TSE:BCE) Price Target to C$31.00

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective lowered by stock analysts at TD Securities from C$32.00 to C$31.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' price objective would indicate a potential downside of 10.43% from the stock's current price.

BCE has been the topic of several other reports. Barclays lowered shares of BCE from an "equal weight" rating to an "underperform" rating and decreased their target price for the stock from C$41.00 to C$30.00 in a research report on Thursday. Scotiabank lowered their target price on shares of BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Canaccord Genuity Group reduced their price target on shares of BCE from C$37.50 to C$33.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. National Bankshares lowered their price target on BCE from C$37.00 to C$35.00 and set a "sector perform" rating on the stock in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their target price on BCE from C$41.00 to C$35.00 and set a "neutral" rating on the stock in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, BCE currently has an average rating of "Hold" and a consensus price target of C$40.88.

BCE Price Performance

Shares of BCE stock remained flat at C$34.61 during trading hours on Thursday. The stock had a trading volume of 3,339,974 shares, compared to its average volume of 3,498,774. 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 capitalization of C$31.57 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 4.67 and a beta of 0.48. The stock has a fifty day moving average price of C$34.82 and a 200 day moving average price of C$41.63. BCE has a 1-year low of C$31.43 and a 1-year high of C$54.89.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last released its earnings results on Thursday, November 7th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period last year, the business posted $0.81 earnings per share. As a group, equities analysts predict that BCE will post 3.1120864 earnings per share for the current year.

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.