BCE (TSE:BCE) Price Target Raised to C$29.00

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective increased by research analysts at JPMorgan Chase & Co. from C$28.00 to C$29.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. JPMorgan Chase & Co.'s target price suggests a potential downside of 4.20% from the company's previous close.

A number of other equities research analysts have also weighed in on BCE. Desjardins raised their price target on shares of BCE from C$36.00 to C$39.00 and gave the company a "hold" rating in a report on Friday, May 9th. National Bank Financial upgraded shares of BCE from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. National Bankshares boosted their target price on shares of BCE from C$35.00 to C$36.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Barclays lowered shares of BCE from an "equal weight" rating to an "underperform" rating and cut their price target for the company from C$41.00 to C$30.00 in a report on Thursday, January 30th. Finally, Scotiabank dropped their price objective on shares of BCE from C$40.00 to C$39.50 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, BCE has an average rating of "Hold" and an average price target of C$37.64.

BCE Trading Up 0.2%

Shares of BCE traded up C$0.07 on Monday, hitting C$30.27. 350,520 shares of the stock traded hands, compared to its average volume of 3,974,465. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The firm has a market capitalization of C$27.42 billion, a P/E ratio of 101.55, a P/E/G ratio of 4.67 and a beta of 0.48. The stock's 50 day moving average is C$31.34 and its two-hundred day moving average is C$34.11. BCE has a 1 year low of C$28.73 and a 1 year 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.