BCE (TSE:BCE) Price Target Lowered to C$35.00 at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its price objective reduced by analysts at National Bankshares from C$37.00 to C$35.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 2.34% from the company’s previous close.

Several other equities analysts have also issued reports on BCE. BMO Capital Markets boosted their price objective on BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price objective on shares of BCE from C$41.00 to C$35.00 and set a “neutral” rating on the stock in a report on Thursday. Canaccord Genuity Group reduced their price objective on BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Canaccord Genuity Group dropped their price objective on BCE from C$41.00 to C$37.50 in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price target on BCE from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, BCE currently has an average rating of “Hold” and a consensus target price of C$41.88.

BCE Price Performance

BCE stock traded up C$0.68 on Friday, reaching C$34.20. The company’s stock had a trading volume of 1,620,526 shares, compared to its average volume of 2,083,210. The business’s fifty day moving average price is C$37.58 and its 200 day moving average price is C$43.16. The company has a market cap of C$31.20 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. BCE has a twelve month low of C$31.99 and a twelve month high of C$56.18.

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.