Scotiabank Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by equities researchers at Scotiabank from C$50.50 to C$47.50 in a report released on Tuesday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 16.65% from the company’s current price.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group boosted their price target on BCE from C$50.00 to C$52.00 in a report on Thursday, September 19th. National Bank Financial downgraded shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Desjardins raised their target price on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. TD Securities decreased their price target on shares of BCE from C$50.00 to C$43.00 in a research note on Tuesday. Finally, Cormark cut their price objective on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$47.23.

BCE Trading Up 0.6 %

BCE stock traded up C$0.25 during mid-day trading on Tuesday, hitting C$40.72. The stock had a trading volume of 5,389,269 shares, compared to its average volume of 3,003,342. The company has a 50 day moving average of C$46.60. BCE has a one year low of C$39.69 and a one year high of C$56.18. The stock has a market cap of C$37.15 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 4.67 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.

About BCE

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.