BMO Capital Markets Lowers BCE (TSE:BCE) Price Target to C$35.00

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by analysts at BMO Capital Markets from C$51.00 to C$35.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.38% from the company’s current price.

Several other research analysts also recently commented on BCE. Scotiabank upgraded BCE from a “hold” rating to a “strong-buy” rating and set a C$39.00 price objective on the stock in a report on Monday, June 2nd. CIBC dropped their price target on BCE from C$52.00 to C$33.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. National Bankshares set a C$35.00 price objective on BCE and gave the company an “outperform” rating in a report on Friday, June 6th. Desjardins raised shares of BCE from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$39.00 to C$40.00 in a research note on Tuesday. Finally, Cibc World Mkts downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$34.21.

BCE Stock Performance

Shares of TSE:BCE opened at C$32.00 on Tuesday. The firm’s 50 day simple moving average is C$31.40 and its 200-day simple moving average is C$31.92. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. BCE has a one year low of C$28.73 and a one year high of C$49.13. The firm has a market cap of C$28.99 billion, a PE ratio of 107.35, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

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.