TD Securities Issues Pessimistic Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCEGet Free Report) (NYSE:BCE) had its price objective dropped by TD Securities from C$39.00 to C$37.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential downside of 2.09% from the stock’s previous close.

BCE has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on BCE from C$47.00 to C$41.00 in a report on Friday, November 8th. Royal Bank of Canada cut their price objective on BCE from C$47.00 to C$45.00 in a report on Monday, November 11th. Canaccord Genuity Group cut their price objective on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$44.68.

View Our Latest Stock Report on BCE

BCE Price Performance

BCE stock opened at C$37.79 on Tuesday. The firm has a market capitalization of C$34.48 billion, a P/E ratio of 17.58, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 1 year low of C$36.95 and a 1 year high of C$56.18. The business has a 50-day moving average of C$42.49 and a 200-day moving average of C$44.93. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43.

About BCE

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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.

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Analyst Recommendations for BCE (TSE:BCE)

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