Scotiabank Lowers BCE (TSE:BCE) Price Target to C$53.25

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

Several other equities research analysts also recently issued reports on BCE. BMO Capital Markets downgraded BCE from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$54.00 to C$46.00 in a research report on Tuesday, April 2nd. National Bankshares lowered their price target on BCE from C$55.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. TD Securities lowered their price target on BCE from C$55.00 to C$51.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Desjardins decreased their target price on BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Finally, Barclays decreased their target price on BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, BCE has an average rating of “Hold” and an average price target of C$52.48.

BCE Trading Down 0.2 %

BCE stock opened at C$44.34 on Wednesday. The company has a debt-to-equity ratio of 175.98, a current ratio of 0.65 and a quick ratio of 0.43. The company has a market capitalization of C$40.45 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.90 and a beta of 0.44. BCE has a one year low of C$43.96 and a one year high of C$65.66. The company’s fifty day moving average price is C$47.64 and its two-hundred day moving average price is C$51.29.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.03. The company had revenue of C$6.47 billion for the quarter, compared to the consensus estimate of C$6.48 billion. BCE had a return on equity of 10.81% and a net margin of 9.17%. On average, analysts forecast that BCE will post 3.0377747 earnings per share for the current fiscal year.

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.