BCE (TSE:BCE) Price Target Lowered to C$37.00 at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price reduced by equities research analysts at TD Securities from C$39.00 to C$37.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential downside of 3.39% from the stock’s current price.

Several other brokerages have also recently issued reports on BCE. Canaccord Genuity Group cut their target price on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Barclays cut their target price on BCE from C$46.00 to C$41.00 in a research report on Monday, November 11th. Scotiabank cut their price objective on BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. National Bank Financial downgraded BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. lowered their target price on BCE from C$47.00 to C$41.00 in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$44.68.

BCE Trading Up 0.7 %

Shares of BCE stock traded up C$0.28 on Tuesday, reaching C$38.30. The stock had a trading volume of 2,082,667 shares, compared to its average volume of 3,158,116. BCE has a 1 year low of C$36.95 and a 1 year high of C$56.18. The stock has a market capitalization of C$34.94 billion, a P/E ratio of 17.81, a P/E/G ratio of 4.67 and a beta of 0.48. 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 stock’s 50 day moving average price is C$43.07.

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.