BCE (TSE:BCE) Price Target Cut to C$60.00 by Analysts at National Bank Financial

Posted by on Aug 6th, 2023

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price objective decreased by stock analysts at National Bank Financial from C$62.00 to C$60.00 in a research report issued on Friday, FlyOnTheWall reports. National Bank Financial’s price target points to a potential upside of 6.61% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Cormark lowered their price objective on BCE from C$69.00 to C$68.00 in a research note on Friday, May 5th. BMO Capital Markets increased their price target on BCE from C$64.00 to C$67.00 in a report on Friday, May 5th. TD Securities upgraded BCE from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$63.00 to C$61.00 in a report on Friday. Scotiabank lowered their price target on BCE from C$63.00 to C$61.00 in a report on Friday. Finally, National Bankshares lowered their price target on BCE from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$62.64.

BCE Stock Performance

TSE BCE opened at C$56.28 on Friday. The stock’s fifty day moving average is C$59.33 and its two-hundred day moving average is C$61.19. The firm has a market capitalization of C$51.34 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 3.30 and a beta of 0.51. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.43 and a current ratio of 0.57. BCE has a fifty-two week low of C$55.40 and a fifty-two week high of C$66.05.

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 for the quarter, topping analysts’ consensus estimates of C$0.80 by C$0.05. The company had revenue of C$6.05 billion for the quarter, compared to analyst estimates of C$5.99 billion. BCE had a return on equity of 12.07% and a net margin of 11.19%. On average, research analysts anticipate that BCE will post 3.2180822 earnings per share for the current year.

BCE Company Profile

(Get Free Report)

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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Analyst Recommendations for BCE (TSE:BCE)

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