BCE (TSE:BCE) Given New C$42.00 Price Target at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its target price cut by research analysts at National Bankshares from C$48.00 to C$42.00 in a note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 3.02% from the company’s previous close.

A number of other research firms have also recently commented on BCE. TD Securities cut their target price on shares of BCE from C$50.00 to C$43.00 in a research note on Tuesday. Royal Bank of Canada decreased their price objective on BCE from C$52.00 to C$47.00 in a report on Tuesday. National Bank Financial downgraded BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Canaccord Genuity Group increased their target price on shares of BCE from C$50.00 to C$52.00 in a research note on Thursday, September 19th. Finally, Barclays reduced their price target on shares of BCE from C$48.00 to C$46.00 in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, BCE presently has an average rating of “Hold” and a consensus target price of C$47.23.

BCE Stock Up 0.7 %

Shares of TSE BCE traded up C$0.30 during mid-day trading on Tuesday, reaching C$40.77. 5,617,962 shares of the company were exchanged, compared to its average volume of 3,004,411. The business has a 50-day simple moving average of C$46.60. 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 has a 1 year low of C$39.69 and a 1 year high of C$56.18. The firm has a market capitalization of C$37.19 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

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.