BCE (TSE:BCE) Given New C$53.25 Price Target at Scotiabank

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by equities research analysts at Scotiabank from C$55.50 to C$53.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 20.09% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Royal Bank of Canada cut their price target on BCE from C$57.00 to C$54.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. National Bankshares cut their price target on BCE from C$55.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Desjardins cut their price target on BCE from C$58.00 to C$55.00 and set a “hold” rating for the company in a report on Friday, February 9th. JPMorgan Chase & Co. cut their price target on BCE from C$54.00 to C$47.00 in a report on Wednesday, April 3rd. Finally, CIBC cut their price target on BCE from C$54.00 to C$52.00 in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$52.48.

BCE Price Performance

Shares of TSE BCE opened at C$44.34 on Wednesday. The stock has a fifty day simple moving average of C$47.64 and a two-hundred day simple moving average of C$51.29. BCE has a 1-year low of C$43.96 and a 1-year high of C$65.66. The firm has a market cap of C$40.45 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share for the quarter, beating the consensus estimate of C$0.73 by C$0.03. BCE had a return on equity of 10.81% and a net margin of 9.17%. The business had revenue of C$6.47 billion during the quarter, compared to analyst estimates of C$6.48 billion. Analysts anticipate that BCE will post 3.0377747 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.