Barclays Issues Pessimistic Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by stock analysts at Barclays from C$46.00 to C$41.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 6.22% from the stock’s previous close.

A number of other research firms have also recently issued reports on BCE. TD Securities cut their target price on shares of BCE from C$43.00 to C$39.00 in a research note on Monday. National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Desjardins raised their target price on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Scotiabank cut their target price on shares of BCE from C$50.50 to C$47.50 in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada cut their target price on shares of BCE from C$47.00 to C$45.00 in a research note on Monday. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$45.36.

BCE Price Performance

Shares of BCE stock opened at C$38.60 on Monday. The firm has a market capitalization of C$35.21 billion, a PE ratio of 17.95, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The company has a fifty day moving average price of C$45.83. BCE has a one year low of C$37.81 and a one year high of C$56.18.

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.