BCE (TSE:BCE) Price Target Cut to C$45.00 by Analysts at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its price objective reduced by research analysts at Royal Bank of Canada from C$47.00 to C$45.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 13.95% from the stock’s current price.

BCE has been the subject of several other research reports. TD Securities reduced their price objective on shares of BCE from C$43.00 to C$39.00 in a research note on Monday. Cormark dropped their target price on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Desjardins upped their price target on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. 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. Finally, National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$45.82.

BCE Stock Up 1.4 %

Shares of TSE BCE opened at C$39.49 on Monday. The business has a 50-day moving average of C$46.00. BCE has a 52 week low of C$37.81 and a 52 week high of C$56.18. The company has a market cap of C$36.03 billion, a P/E ratio of 18.37, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43.

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.