Desjardins Increases BCE (TSE:BCE) Price Target to C$42.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by equities researchers at Desjardins from C$41.00 to C$42.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Desjardins’ target price would indicate a potential upside of 29.11% from the company’s previous close.

A number of other analysts also recently commented on BCE. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$35.00 to C$47.00 in a report on Wednesday, October 15th. TD Securities dropped their price target on BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday. CIBC raised their price objective on BCE from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. BMO Capital Markets decreased their target price on BCE from C$51.00 to C$35.00 and set a “market perform” rating for the company in a report on Tuesday, August 5th. Finally, Scotiabank raised their price target on shares of BCE from C$39.50 to C$41.50 and gave the company an “outperform” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$36.33.

BCE Trading Down 0.5%

BCE stock traded down C$0.17 on Friday, hitting C$32.53. 4,424,740 shares of the company were exchanged, compared to its average volume of 3,705,387. BCE has a twelve month low of C$28.73 and a twelve month high of C$39.83. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The business’s fifty day moving average is C$32.89 and its two-hundred day moving average is C$32.04. The stock has a market capitalization of C$30.34 billion, a price-to-earnings ratio of 70.72, a price-to-earnings-growth ratio of 4.67 and a beta of 0.52.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.