National Bankshares Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price objective lowered by analysts at National Bankshares from C$37.00 to C$35.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 2.34% from the company’s current price.

A number of other analysts have also recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of BCE from C$37.50 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Scotiabank lowered their price objective on BCE from C$45.00 to C$42.00 in a research report on Tuesday, November 26th. Canaccord Genuity Group cut their target price on BCE from C$41.00 to C$37.50 in a research report on Friday, November 8th. National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$41.88.

BCE Stock Performance

Shares of BCE stock traded up C$0.68 during trading hours on Friday, reaching C$34.20. 1,620,526 shares of the company traded hands, compared to its average volume of 2,083,210. The firm has a 50-day moving average price of C$37.58 and a 200 day moving average price of C$43.16. The company has a market cap of C$31.20 billion, a P/E ratio of 15.91, a P/E/G ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a 12-month low of C$31.99 and a 12-month high of C$56.18.

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.