BCE (TSE:BCE) Stock Rating Lowered by Cibc World Mkts

BCE (TSE:BCE) (NYSE:BCE) was downgraded by analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

BCE has been the topic of several other research reports. CIBC reduced their price target on BCE from C$52.00 to C$33.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group cut their price objective on BCE from C$34.00 to C$32.00 in a research report on Wednesday, May 21st. Royal Bank Of Canada cut their price objective on BCE from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Friday, May 9th. Canaccord Genuity Group raised their price objective on BCE from C$31.50 to C$32.00 and gave the stock a “hold” rating in a research report on Friday, May 9th. Finally, National Bankshares set a C$35.00 price objective on BCE and gave the stock an “outperform” rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$36.73.

BCE Trading Up 0.1%

Shares of BCE stock opened at C$30.84 on Thursday. The stock’s fifty day moving average is C$30.17 and its two-hundred day moving average is C$32.00. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market capitalization of C$27.93 billion, a P/E ratio of 103.46, a PEG ratio of 4.67 and a beta of 0.48. BCE has a fifty-two week low of C$28.73 and a fifty-two week high of C$49.13.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.