BCE (TSE:BCE) Price Target Cut to C$50.00 by Analysts at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by research analysts at TD Securities from C$51.00 to C$50.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 7.81% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group lifted their price target on BCE from C$50.00 to C$52.00 in a research note on Thursday, September 19th. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada increased their price target on BCE from C$51.00 to C$53.00 in a research note on Thursday, September 19th. Cormark dropped their price objective on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$51.00.

BCE Stock Down 1.3 %

TSE BCE traded down C$0.62 during trading hours on Wednesday, reaching C$46.38. 1,255,233 shares of the company’s stock were exchanged, compared to its average volume of 2,948,334. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The company’s 50-day moving average is C$47.22 and its two-hundred day moving average is C$46.08. The company has a market capitalization of C$42.31 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. BCE has a one year low of C$42.58 and a one year high of C$56.18.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.02). The business had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.07 billion. BCE had a return on equity of 10.63% and a net margin of 8.75%. On average, analysts forecast that BCE will post 3.0598958 EPS 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.