BCE (TSE:BCE) Price Target Increased to C$62.00 by Analysts at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price boosted by Royal Bank of Canada from C$61.00 to C$62.00 in a report released on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 2.29% from the stock’s previous close.

BCE has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded BCE from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$63.00 to C$60.00 in a research report on Monday, July 8th. Desjardins downgraded BCE from a “buy” rating to a “hold” rating and cut their target price for the stock from C$66.00 to C$65.00 in a research report on Friday, May 3rd. TD Securities upgraded BCE from a “hold” rating to a “buy” rating and set a C$63.00 target price for the company in a research report on Tuesday, June 18th. National Bank Financial upped their target price on BCE from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 4th. Finally, Citigroup downgraded BCE from a “buy” rating to a “neutral” rating and set a C$60.00 target price for the company. in a research report on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. BCE has a consensus rating of “Hold” and an average target price of C$61.82.

BCE stock traded down C$0.09 on Friday, reaching C$60.61. The company’s stock had a trading volume of 1,291,774 shares, compared to its average volume of 1,733,282. BCE has a 52 week low of C$50.72 and a 52 week high of C$62.75. The company has a market capitalization of $54.72 billion and a P/E ratio of 19.07. The business has a fifty day simple moving average of C$60.02. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.55 and a quick ratio of 0.42.

BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Thursday, May 2nd. The company reported C$0.77 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.78 by C($0.01). The business had revenue of C$5.73 billion during the quarter, compared to analysts’ expectations of C$5.72 billion. Research analysts anticipate that BCE will post 3.7200001 earnings per share for the current fiscal year.

BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Analyst Recommendations for BCE (TSE:BCE)

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