BCE (TSE:BCE) Given New C$41.00 Price Target at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its price objective decreased by analysts at JPMorgan Chase & Co. from C$47.00 to C$41.00 in a research report issued on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.25% from the stock’s current price.

BCE has been the subject of a number of other research reports. Scotiabank dropped their price target on BCE from C$50.50 to C$47.50 in a research note on Tuesday. Cormark reduced their price objective on BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. Canaccord Genuity Group downgraded BCE from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$51.00 to C$41.00 in a report on Tuesday. National Bankshares cut their price target on BCE from C$48.00 to C$42.00 in a research note on Tuesday. Finally, TD Securities lowered their price target on BCE from C$50.00 to C$43.00 in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$46.36.

BCE Stock Up 2.0 %

Shares of TSE BCE traded up C$0.77 during trading on Friday, hitting C$39.71. The stock had a trading volume of 4,387,754 shares, compared to its average volume of 3,075,447. BCE has a 12 month low of C$37.81 and a 12 month high of C$56.18. The company has a market capitalization of C$36.23 billion, a PE ratio of 18.46, a PEG 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. The firm has a fifty day moving average of C$46.32 and a two-hundred day moving average of C$45.95.

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.