BCE (TSE:BCE) Given New C$45.00 Price Target at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price objective cut by equities researchers at Royal Bank of Canada from C$47.00 to C$45.00 in a report released on Monday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 16.58% from the company’s previous close.

BCE has been the subject of a number of other reports. Barclays cut their price objective on BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. BMO Capital Markets lifted their price target on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Canaccord Genuity Group lowered their price target on BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Finally, National Bankshares lowered their price target on BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BCE currently has an average rating of “Hold” and a consensus target price of C$45.36.

BCE Price Performance

BCE stock opened at C$38.60 on Monday. The stock has a market capitalization of C$35.21 billion, a PE ratio of 17.95, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 12 month low of C$37.81 and a 12 month high of C$56.18. The firm has a 50 day simple moving average of C$45.83. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43.

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.