BCE (TSE:BCE) (NYSE:BCE) had its price objective cut by investment analysts at Royal Bank of Canada from C$60.00 to C$59.00 in a research note issued to investors on Friday, November 2nd. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 9.06% from the company’s previous close.
Several other equities research analysts also recently weighed in on BCE. CIBC reduced their price target on shares of BCE from C$59.00 to C$58.00 in a research report on Friday, August 3rd. TD Securities cut their target price on shares of BCE from C$58.00 to C$57.00 in a research report on Friday, August 3rd. Desjardins cut their target price on shares of BCE from C$61.00 to C$60.75 and set a “hold” rating for the company in a research report on Friday, August 3rd. Morgan Stanley cut their target price on shares of BCE from C$62.00 to C$59.00 in a research report on Friday, August 31st. Finally, Barclays dropped their price target on shares of BCE from C$65.00 to C$62.00 in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$59.79.
Shares of TSE BCE traded up C$0.12 on Friday, reaching C$54.10. 1,453,900 shares of the company’s stock traded hands, compared to its average volume of 1,549,972. BCE has a 12 month low of C$50.72 and a 12 month high of C$62.90. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 116.29.
In other BCE news, insider Duc Bernard Le sold 7,513 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of C$52.90, for a total value of C$397,437.70.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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