BMO Capital Markets Boosts BCE (TSE:BCE) Price Target to C$63.00

BCE (TSE:BCE) (NYSE:BCE) had its price target increased by BMO Capital Markets from C$62.00 to C$63.00 in a research note released on Friday, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. TD Securities upgraded BCE from a hold rating to a buy rating and set a C$63.00 price objective for the company in a research report on Tuesday, June 18th. Royal Bank of Canada boosted their price objective on BCE from C$61.00 to C$62.00 in a research report on Friday. CIBC boosted their price objective on BCE from C$59.00 to C$60.00 in a research report on Friday. Desjardins lowered BCE from a buy rating to a hold rating and decreased their price objective for the company from C$66.00 to C$65.00 in a research report on Friday, May 3rd. Finally, Citigroup lowered BCE from a buy rating to a neutral rating and set a C$60.00 price objective 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 company. BCE has an average rating of Hold and an average price target of C$61.82.

Shares of BCE traded up C$0.27 on Friday, hitting C$60.97. The company’s stock had a trading volume of 2,083,100 shares, compared to its average volume of 1,738,929. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 133.90. The business has a fifty day moving average of C$60.03. BCE has a fifty-two week low of C$50.72 and a fifty-two week high of C$62.75. The stock has a market capitalization of $54.80 billion and a price-to-earnings ratio of 19.12.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.78 by C($0.01). The company had revenue of C$5.73 billion during the quarter, compared to analyst estimates of C$5.72 billion. Sell-side analysts expect that BCE will post 3.7200001 EPS for the current year.

About BCE

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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