BCE (TSE:BCE) Given New C$33.00 Price Target at Canaccord Genuity Group

BCE (TSE:BCE) (NYSE:BCE) had its price target lowered by analysts at Canaccord Genuity Group from C$37.50 to C$33.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 1.61% from the company’s current price.

Several other analysts also recently commented on BCE. TD Securities reduced their target price on BCE from C$39.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. JPMorgan Chase & Co. cut their target price on BCE from C$47.00 to C$41.00 in a report on Friday, November 8th. Royal Bank of Canada decreased their price target on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, National Bankshares dropped their price objective on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, BCE has an average rating of “Hold” and an average price target of C$43.38.

BCE Stock Down 0.8 %

TSE BCE traded down C$0.27 on Thursday, hitting C$33.54. 2,215,282 shares of the company were exchanged, compared to its average volume of 3,291,484. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The company has a market cap of C$30.60 billion, a PE ratio of 15.60, a PEG ratio of 4.67 and a beta of 0.48. The stock has a fifty day moving average of C$40.40 and a 200-day moving average of C$44.21. BCE has a 12 month low of C$33.02 and a 12 month high of C$56.18.

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.