Canaccord Genuity Group Lowers BCE (TSE:BCE) Price Target to C$50.00

BCE (TSE:BCEGet Free Report) (NYSE:BCE) had its price objective reduced by investment analysts at Canaccord Genuity Group from C$53.00 to C$50.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 15.53% from the stock’s previous close.

A number of other equities research analysts have also commented on BCE. Royal Bank of Canada reduced their price target on BCE from C$54.00 to C$51.00 in a research report on Tuesday. Barclays dropped their price objective on BCE from C$52.00 to C$48.00 in a research note on Tuesday, April 9th. TD Securities dropped their price target on BCE from C$48.00 to C$47.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. CIBC raised BCE from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on BCE from C$54.00 to C$47.00 in a research note on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to, BCE presently has an average rating of “Hold” and a consensus target price of C$51.31.

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BCE Trading Up 0.6 %

Shares of BCE stock opened at C$43.28 on Tuesday. The firm has a market capitalization of C$39.48 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.90 and a beta of 0.44. BCE has a twelve month low of C$42.58 and a twelve month high of C$59.25. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 184.91. The stock’s fifty day simple moving average is C$45.55 and its 200 day simple moving average is C$48.27.

BCE (TSE:BCEGet Free Report) (NYSE:BCE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.72. The business had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.09 billion. BCE had a return on equity of 9.36% and a net margin of 7.88%. As a group, sell-side analysts predict that BCE will post 3.0157895 EPS for the current fiscal year.

BCE Company Profile

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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 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.

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