BCE (TSE:BCE) Price Target Cut to C$46.00 by Analysts at Barclays

BCE (TSE:BCE) (NYSE:BCE) had its target price dropped by equities research analysts at Barclays from C$48.00 to C$46.00 in a research report issued on Wednesday, BayStreet.CA reports. Barclays‘s target price would suggest a potential upside of 1.86% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BCE. Canaccord Genuity Group increased their target price on shares of BCE from C$50.00 to C$52.00 in a research report on Thursday, September 19th. Cormark reduced their target price on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. TD Securities reduced their price objective on shares of BCE from C$51.00 to C$50.00 and set a “hold” rating on the stock in a research note on Wednesday, October 2nd. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, BMO Capital Markets raised their target price on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BCE currently has an average rating of “Hold” and a consensus target price of C$50.36.

BCE Stock Down 1.1 %

BCE stock opened at C$45.16 on Wednesday. The firm has a market capitalization of C$41.20 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.90 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. The company’s 50 day simple moving average is C$47.24 and its 200-day simple moving average is C$46.04. BCE has a 52-week low of C$42.58 and a 52-week high of C$56.18.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The firm had revenue of C$6.01 billion for the quarter, compared to the consensus estimate of C$6.07 billion. As a group, equities research analysts anticipate that BCE will post 3.0598958 EPS for the current 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.