BCE (TSE:BCE) Price Target Lowered to C$35.00 at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from C$41.00 to C$35.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.82% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Scotiabank reduced their price objective on BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Canaccord Genuity Group reduced their price target on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. National Bankshares dropped their price target on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada decreased their target price on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, December 18th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$42.88.

BCE Stock Up 0.2 %

Shares of TSE BCE traded up C$0.07 during mid-day trading on Thursday, hitting C$33.39. 1,576,349 shares of the stock traded hands, compared to its average volume of 3,334,637. The company has a market cap of C$30.46 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 4.67 and a beta of 0.48. The stock has a fifty day moving average price of C$37.83 and a 200-day moving average price of C$43.25. BCE has a 52 week low of C$31.99 and a 52 week high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

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.