BCE (TSE:BCE) Given New C$42.00 Price Target at National Bankshares

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by equities research analysts at National Bankshares from C$48.00 to C$42.00 in a research note issued on Tuesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 3.02% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Scotiabank lowered their target price on shares of BCE from C$50.50 to C$47.50 in a report on Tuesday. Barclays lowered their price objective on BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Cormark decreased their price target on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Desjardins boosted their price objective on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price target on shares of BCE from C$52.00 to C$47.00 in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, BCE has an average rating of “Hold” and a consensus target price of C$47.23.

BCE Stock Up 0.7 %

TSE BCE traded up C$0.30 during trading on Tuesday, reaching C$40.77. 5,617,962 shares of the stock traded hands, compared to its average volume of 3,004,411. BCE has a fifty-two week low of C$39.69 and a fifty-two week high of C$56.18. 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 capitalization of C$37.19 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The firm’s 50-day moving average is C$46.60.

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.