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

BCE (TSE:BCE) (NYSE:BCE) had its price objective cut by analysts at Royal Bank of Canada from C$52.00 to C$47.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 17.32% from the stock’s current price.

A number of other research firms also recently issued reports on BCE. TD Securities decreased their target price on shares of BCE from C$50.00 to C$43.00 in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Scotiabank decreased their target price on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday. Canaccord Genuity Group lifted their price objective on shares of BCE from C$50.00 to C$52.00 in a report on Thursday, September 19th. Finally, National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$47.23.

BCE Trading Up 0.4 %

TSE BCE opened at C$40.06 on Tuesday. The company has a market capitalization of C$36.55 billion, a PE ratio of 18.63, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a fifty day moving average of C$46.32 and a 200 day moving average of C$45.95. BCE has a 1 year low of C$39.43 and a 1 year 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.

About BCE

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.