BCE (TSE:BCE) Given New C$47.00 Price Target at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by Royal Bank of Canada from C$52.00 to C$47.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 17.32% from the company’s current price.

BCE has been the topic of several other reports. National Bankshares lowered shares of BCE from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$52.00 to C$48.00 in a report on Tuesday, October 1st. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays decreased their price objective on shares of BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. TD Securities decreased their price objective on shares of BCE from C$50.00 to C$43.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, BCE presently has an average rating of “Hold” and an average target price of C$47.23.

BCE Stock Performance

TSE:BCE opened at C$40.06 on Tuesday. 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 firm has a market capitalization of C$36.55 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 4.67 and a beta of 0.48. The company’s 50-day moving average is C$46.32 and its two-hundred day moving average is C$45.95. BCE has a 1-year low of C$39.43 and a 1-year high of C$56.18.

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.