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

BCE (TSE:BCEGet Free Report) (NYSE:BCE) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from C$58.00 to C$54.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 6.89% from the company’s current price.

A number of other equities research analysts have also issued reports on BCE. Canaccord Genuity Group reduced their price target on BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a research report on Friday. Barclays lowered their price target on shares of BCE from C$60.00 to C$55.00 and set an “equal weight” rating for the company in a report on Thursday, November 16th. Royal Bank of Canada reduced their price objective on shares of BCE from C$59.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Friday. CIBC lowered their target price on shares of BCE from C$56.00 to C$54.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Desjardins cut their price target on BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$56.04.

View Our Latest Report on BCE

BCE Stock Performance

TSE:BCE opened at C$50.52 on Friday. BCE has a 52 week low of C$49.57 and a 52 week high of C$65.66. The company has a fifty day simple moving average of C$53.82 and a two-hundred day simple moving average of C$53.98. The company has a quick ratio of 0.43, a current ratio of 0.57 and a debt-to-equity ratio of 162.87. The company has a market cap 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.

About BCE

(Get Free Report)

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.

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