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

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by TD Securities from C$32.00 to C$31.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential downside of 10.43% from the stock’s current price.

BCE has been the subject of a number of other research reports. Scotiabank lowered their price target on BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Barclays cut BCE from an “equal weight” rating to an “underperform” rating and lowered their target price for the stock from C$41.00 to C$30.00 in a report on Thursday. Canaccord Genuity Group cut their price target on BCE from C$37.50 to C$33.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Canaccord Genuity Group lowered their price objective on shares of BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Finally, Royal Bank of Canada cut their target price on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research 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 given a buy rating to the company. According to MarketBeat.com, BCE presently has an average rating of “Hold” and a consensus target price of C$40.88.

BCE Price Performance

Shares of BCE opened at C$34.61 on Thursday. The firm has a fifty day moving average price of C$34.82 and a 200-day moving average price of C$41.63. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The firm has a market capitalization of C$31.57 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 12-month low of C$31.43 and a 12-month high of C$54.89.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.75 earnings per share 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 quarter in the prior year, the business posted $0.81 EPS. Equities research analysts expect 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.