BCE (TSE:BCE) PT Set at C$35.00 by National Bankshares

Key Points

• National Bankshares has set a price target of C$35.00 for BCE, indicating a potential upside of 3.34% from its previous close, and currently rates the stock as "outperform."
• BCE's stock rating has varied among analysts, with two sell ratings, seven hold ratings, and two buy ratings, leading to an average rating of "Hold."
• The company's trading volume on Tuesday was significantly lower than its average, with a market cap of C$30.68 billion and a current stock price of C$33.87.

BCE (TSE:BCE - Get Free Report) NYSE: BCE has been given a C$35.00 price target by National Bankshares in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential downside of 1.05% from the company's previous close.

Several other equities research analysts also recently issued reports on the company. TD Securities raised their price target on BCE from C$33.00 to C$35.00 and gave the company a "hold" rating in a research report on Friday, August 8th. CIBC lowered 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. BMO Capital Markets reduced their target price on shares of BCE from C$51.00 to C$35.00 and set a "market perform" rating for the company in a research note on Tuesday, August 5th. Cibc World Mkts cut shares of BCE from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, Scotiabank upgraded shares of BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 target price for the company in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$34.42.

BCE Stock Up 1.0%

BCE stock traded up C$0.34 during mid-day trading on Tuesday, hitting C$35.37. 3,284,283 shares of the company's stock were exchanged, compared to its average volume of 3,819,086. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. The stock has a market cap of C$32.04 billion, a P/E ratio of 118.66, a P/E/G 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 stock has a 50 day moving average of C$31.97 and a two-hundred day moving average of C$31.93.

About BCE

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.