BCE (TSE:BCE) PT Raised to C$55.00

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price target boosted by research analysts at Canaccord Genuity Group from C$54.00 to C$55.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 0.88% from the company’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets cut their target price on BCE from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their target price on BCE from C$63.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 18th. UBS Group dropped their target price on BCE from C$65.00 to C$55.00 in a research report on Tuesday, October 10th. Desjardins dropped their target price on BCE from C$60.00 to C$56.00 and set a “hold” rating for the company in a research report on Friday, October 13th. Finally, JPMorgan Chase & Co. dropped their target price on BCE from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BCE currently has a consensus rating of “Hold” and an average target price of C$58.95.

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BCE Trading Up 1.5 %

TSE BCE opened at C$54.52 on Friday. The firm’s 50-day moving average is C$53.26 and its two-hundred day moving average is C$57.75. BCE has a 12 month low of C$49.57 and a 12 month high of C$65.66. The company has a debt-to-equity ratio of 162.87, a current ratio of 0.57 and a quick ratio of 0.43. The stock has a market capitalization of C$49.74 billion, a P/E ratio of 22.34, a PEG ratio of 3.71 and a beta of 0.52.

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its earnings results on Thursday, August 3rd. The company reported C$0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.79. The company had revenue of C$6.07 billion for the quarter, compared to analyst estimates of C$6.04 billion. BCE had a return on equity of 11.10% and a net margin of 9.76%. On average, sell-side analysts anticipate that BCE will post 3.2882992 earnings per share 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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