BCE (TSE:BCE) Given New C$32.00 Price Target at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its price objective reduced by investment analysts at TD Securities from C$37.00 to C$32.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 6.43% from the stock’s current price.

BCE has been the subject of a number of other reports. Barclays reduced their target price on shares of BCE from C$46.00 to C$41.00 in a research note on Monday, November 11th. National Bank Financial cut shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada cut their price target on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets upped their price objective on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Finally, Scotiabank decreased their target price on BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, BCE currently has a consensus rating of “Hold” and a consensus price target of C$41.88.

BCE Trading Up 2.0 %

BCE traded up C$0.68 during trading on Friday, reaching C$34.20. 1,620,526 shares of the company’s stock were exchanged, compared to its average volume of 2,083,210. The company’s fifty day moving average price is C$37.58 and its 200-day moving average price is C$43.16. BCE has a fifty-two week low of C$31.99 and a fifty-two week high of C$56.18. The firm has a market capitalization of C$31.20 billion, a PE ratio of 15.91, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65.

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.