BCE (TSE:BCE) Price Target Cut to C$47.00 by Analysts at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by investment analysts at Royal Bank of Canada from C$52.00 to C$47.00 in a research report issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 15.42% from the company’s current price.

BCE has been the topic of a number of other research reports. BMO Capital Markets upped their target price on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. National Bankshares lowered BCE from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$52.00 to C$48.00 in a research note on Tuesday, October 1st. Scotiabank dropped their price objective on BCE from C$50.50 to C$47.50 in a research report on Tuesday. Barclays reduced their target price on shares of BCE from C$48.00 to C$46.00 in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$47.23.

BCE Price Performance

Shares of TSE BCE traded up C$0.25 on Tuesday, hitting C$40.72. The company’s stock had a trading volume of 5,389,269 shares, compared to its average volume of 3,003,342. The company has a 50 day simple moving average of C$46.60. The stock has a market cap of C$37.15 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 12-month low of C$39.69 and a 12-month high of C$56.18. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43.

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.