BCE (TSE:BCE) Price Target Lowered to C$42.00 at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its target price cut by stock analysts at National Bankshares from C$48.00 to C$42.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 4.84% from the stock’s previous close.

A number of other research analysts have also recently weighed in on BCE. Cormark reduced their price target on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Barclays reduced their price target on shares of BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. TD Securities reduced their price target on shares of BCE from C$50.00 to C$43.00 in a research report on Tuesday. Canaccord Genuity Group lifted their price target on shares of BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. Finally, Scotiabank reduced their price target on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$47.23.

BCE Price Performance

BCE opened at C$40.06 on Tuesday. The stock 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 debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. BCE has a 1 year low of C$39.43 and a 1 year high of C$56.18. The company’s 50 day simple moving average is C$46.32 and its 200 day simple moving average is C$45.95.

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.