BCE (TSE:BCE) PT Lowered to C$53.00

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective reduced by equities research analysts at Scotiabank from C$53.25 to C$53.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's target price suggests a potential upside of 15.32% from the company's current price.

Several other analysts have also recently commented on BCE. Royal Bank of Canada decreased their target price on BCE from C$57.00 to C$54.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 10th. BMO Capital Markets lowered shares of BCE from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from C$54.00 to C$46.00 in a research note on Tuesday, April 2nd. Desjardins dropped their price target on shares of BCE from C$58.00 to C$55.00 and set a "hold" rating on the stock in a research note on Friday, February 9th. TD Securities lowered their target price on BCE from C$48.00 to C$47.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group reduced their price target on BCE from C$57.00 to C$55.00 and set a "buy" rating for the company in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$52.15.

BCE Stock Performance

BCE traded up C$0.82 on Friday, hitting C$45.96. 3,004,954 shares of the company's stock were exchanged, compared to its average volume of 2,954,854. The firm has a market cap of C$41.93 billion, a PE ratio of 20.16, a P/E/G ratio of 1.90 and a beta of 0.44. BCE has a twelve month low of C$43.96 and a twelve month high of C$65.11. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 175.98. The stock has a fifty day moving average of C$46.52 and a two-hundred day moving average of C$50.88.

BCE (TSE:BCE - Get Free Report) NYSE: BCE last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.73 by C$0.03. The company had revenue of C$6.47 billion for the quarter, compared to analysts' expectations of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%. On average, research analysts anticipate that BCE will post 3.0377747 earnings per share for the current fiscal year.

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.