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

BCE (TSE:BCE) (NYSE:BCE) had its price target reduced by analysts at JPMorgan Chase & Co. from C$47.00 to C$41.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 3.25% from the company’s previous close.

A number of other brokerages have also issued reports on BCE. Barclays dropped their target price on BCE from C$48.00 to C$46.00 in a research report on Wednesday, October 9th. Cormark cut their target price on shares of BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Royal Bank of Canada lowered their price target on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday. 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. Finally, Desjardins upped their price objective on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$46.36.

BCE Trading Up 2.0 %

BCE stock traded up C$0.77 during midday trading on Friday, reaching 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 twelve month low of C$37.81 and a twelve month high of C$56.18. The stock has a market capitalization of C$36.23 billion, a PE ratio of 18.46, a price-to-earnings-growth 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. The stock’s 50-day simple moving average is C$46.32 and its 200 day simple moving average is 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.