Royal Bank of Canada Cuts BCE (TSE:BCE) Price Target to C$47.00

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

Several other equities research analysts have also recently commented on the company. TD Securities decreased their price target on BCE from C$50.00 to C$43.00 in a report on Tuesday. Scotiabank reduced their target price on shares of BCE from C$50.50 to C$47.50 in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. JPMorgan Chase & Co. increased 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. Finally, Desjardins lifted their price objective on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$47.23.

BCE Stock Up 0.6 %

BCE traded up C$0.25 on Tuesday, hitting C$40.72. 5,389,269 shares of the company traded hands, compared to its average volume of 3,003,342. BCE has a 12-month low of C$39.69 and a 12-month high of C$56.18. The stock’s 50 day moving average is C$46.60. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The firm has a market cap of C$37.15 billion, a PE ratio of 18.94, a PEG ratio of 4.67 and a beta of 0.48.

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.