BCE (TSE:BCE) Lifted to Buy at TD Securities

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports. The firm presently has a C$61.00 target price on the stock, down from their prior target price of C$63.00. TD Securities’ price objective points to a potential upside of 8.39% from the company’s previous close.

Other research analysts have also issued research reports about the company. Cormark reduced their price objective on BCE from C$69.00 to C$68.00 in a research report on Friday, May 5th. National Bank Financial reduced their price target on BCE from C$63.00 to C$62.00 in a research report on Monday, June 26th. National Bankshares reduced their price target on BCE from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a research report on Monday, June 26th. Canaccord Genuity Group reduced their price target on BCE from C$63.00 to C$61.00 and set a “hold” rating for the company in a research report on Friday, July 21st. Finally, Scotiabank reduced their price target on BCE from C$63.00 to C$61.00 in a research report on Friday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$62.64.

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BCE Trading Up 1.4 %

TSE:BCE opened at C$56.28 on Friday. BCE has a 12-month low of C$55.40 and a 12-month high of C$66.05. The firm has a market capitalization of C$51.34 billion, a P/E ratio of 20.03, a P/E/G ratio of 3.30 and a beta of 0.51. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.57 and a quick ratio of 0.43. The business has a 50 day simple moving average of C$59.33 and a 200 day simple moving average of C$61.19.

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last released its quarterly earnings data on Thursday, May 4th. The company reported C$0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.80 by C$0.05. BCE had a return on equity of 12.07% and a net margin of 11.19%. The business had revenue of C$6.05 billion during the quarter, compared to analyst estimates of C$5.99 billion. Equities research analysts predict that BCE will post 3.2180822 EPS for the current year.

BCE Company Profile

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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 three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products.

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