BCE (TSE:BCE) Price Target Lowered to C$47.00 at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price dropped by equities researchers at TD Securities from C$48.00 to C$47.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 2.26% from the company’s previous close.

BCE has been the topic of a number of other research reports. Desjardins dropped their target price on BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a report on Friday, February 9th. BMO Capital Markets cut shares of BCE from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$54.00 to C$46.00 in a research note on Tuesday, April 2nd. Cormark reduced their target price on shares of BCE from C$58.00 to C$53.00 in a research note on Thursday, April 18th. Canaccord Genuity Group dropped their price target on shares of BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Finally, Royal Bank of Canada cut their price target on shares of BCE from C$57.00 to C$54.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$52.15.

BCE Trading Up 1.8 %

Shares of BCE stock opened at C$45.96 on Friday. The company has a debt-to-equity ratio of 184.91, a quick ratio of 0.43 and a current ratio of 0.61. The company has a market capitalization of C$41.93 billion, a P/E ratio of 23.81, a PEG ratio of 1.90 and a beta of 0.44. BCE has a 1 year low of C$43.96 and a 1 year high of C$64.48. The company’s fifty day moving average is C$46.42 and its two-hundred day moving average is C$50.83.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.03. The firm had revenue of C$6.47 billion for the quarter, compared to analyst estimates of C$6.48 billion. BCE had a return on equity of 9.36% and a net margin of 7.88%. Analysts forecast that BCE will post 3.0296638 earnings per share for the current year.

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.