BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price target lowered by analysts at CIBC from C$52.00 to C$33.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. CIBC's target price points to a potential upside of 6.93% from the company's current price.
A number of other research analysts have also commented on the stock. Scotiabank raised shares of BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 price objective for the company in a research report on Monday, June 2nd. Canaccord Genuity Group upped their target price on BCE from C$31.50 to C$32.00 and gave the company a "hold" rating in a research note on Friday, May 9th. National Bank Financial raised shares of BCE from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Royal Bank Of Canada decreased their price objective on BCE from C$37.00 to C$35.00 and set a "sector perform" rating on the stock in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on BCE from C$28.00 to C$29.00 in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, BCE presently has an average rating of "Hold" and a consensus target price of C$36.73.
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BCE Trading Down 0.6%
Shares of BCE stock traded down C$0.18 during trading hours on Thursday, reaching C$30.86. 3,628,128 shares of the stock traded hands, compared to its average volume of 3,926,405. The business has a fifty day moving average price of C$30.15 and a 200 day moving average price of C$32.05. The firm has a market capitalization of C$27.95 billion, a PE ratio of 103.53, a PEG ratio of 4.67 and a beta of 0.48. BCE has a 1-year low of C$28.73 and a 1-year high of C$49.13. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.
BCE Company Profile
(
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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.
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