Scotiabank Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by research analysts at Scotiabank from C$45.00 to C$42.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 12.15% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. National Bankshares reduced their price objective on shares of BCE from C$48.00 to C$42.00 in a research note on Tuesday, November 5th. BMO Capital Markets upped their price objective on shares of BCE from C$48.00 to C$51.00 in a report on Thursday, September 19th. Desjardins upped their price objective on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Barclays lowered their target price on shares of BCE from C$46.00 to C$41.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada lowered their target price on shares of BCE from C$47.00 to C$45.00 in a report on Monday, November 11th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$44.86.

BCE Stock Performance

Shares of TSE:BCE traded down C$0.36 during trading on Tuesday, reaching C$37.45. The stock had a trading volume of 2,214,091 shares, compared to its average volume of 3,154,110. The business’s fifty day moving average is C$43.85. 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 52 week low of C$36.95 and a 52 week high of C$56.18. The stock has a market capitalization of C$34.16 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

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.