BCE (TSE:BCE) Price Target Raised to C$33.00

BCE (TSE:BCE) (NYSE:BCE) had its target price boosted by equities research analysts at TD Securities from C$31.00 to C$33.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 3.55% from the stock’s current price.

BCE has been the topic of a number of other research reports. Barclays downgraded shares of BCE from an “equal weight” rating to an “underperform” rating and decreased their price objective for the stock from C$41.00 to C$30.00 in a report on Thursday, January 30th. Scotiabank decreased their price objective on shares of BCE from C$45.00 to C$42.00 in a report on Tuesday, November 26th. Royal Bank of Canada decreased their price objective on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 18th. National Bankshares decreased their price objective on shares of BCE from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Friday, January 3rd. Finally, Canaccord Genuity Group reduced their price target on shares of BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, BCE has a consensus rating of “Hold” and a consensus price target of C$40.42.

BCE Stock Performance

Shares of TSE:BCE traded down C$1.83 during midday trading on Friday, hitting C$31.87. The stock had a trading volume of 5,480,790 shares, compared to its average volume of 3,999,223. The company has a market capitalization of C$29.07 billion, a PE ratio of 14.82, a P/E/G ratio of 4.67 and a beta of 0.48. The stock has a 50 day moving average price of C$34.53 and a two-hundred day moving average price of C$41.31. 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$31.43 and a 1 year high of C$52.01.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, November 7th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.77 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. During the same quarter in the previous year, the company posted $0.81 earnings per share. As a group, equities analysts predict that BCE will post 3.1120864 earnings per share for the current fiscal year.

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.