BCE (TSE:BCE) Price Target Cut to C$54.00

BCE (TSE:BCEGet Free Report) (NYSE:BCE) had its target price reduced by BMO Capital Markets from C$60.00 to C$54.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 6.89% from the company’s current price.

BCE has been the subject of several other research reports. Scotiabank set a C$57.25 price target on shares of BCE and gave the company a “sector perform” rating in a research report on Thursday, January 4th. Canaccord Genuity Group reduced their target price on BCE from C$57.00 to C$55.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada lowered their price target on BCE from C$59.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Friday. Desjardins lifted their price objective on BCE from C$57.50 to C$58.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of BCE from C$59.00 to C$58.00 and set an “equal weight” rating on the stock in a research note on Monday, November 6th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$56.04.

View Our Latest Research Report on BCE

BCE Stock Performance

Shares of BCE stock opened at C$50.52 on Friday. The company has a market capitalization of C$46.09 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 3.71 and a beta of 0.49. The company has a debt-to-equity ratio of 162.87, a quick ratio of 0.43 and a current ratio of 0.57. BCE has a one year low of C$49.57 and a one year high of C$65.66. The company’s 50-day moving average is C$53.82 and its 200 day moving average is C$53.98.

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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

Further Reading

Analyst Recommendations for BCE (TSE:BCE)

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