BCE (TSE:BCE) PT Raised to C$69.00

BCE (TSE:BCEGet Rating) (NYSE:BCE) had its price target boosted by equities researchers at Royal Bank of Canada from C$66.00 to C$69.00 in a note issued to investors on Monday, BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential downside of 5.74% from the company’s previous close.

A number of other research firms also recently commented on BCE. Canaccord Genuity Group boosted their target price on BCE from C$69.00 to C$70.00 in a research report on Tuesday, January 11th. BMO Capital Markets upped their price objective on BCE from C$69.00 to C$70.00 in a research report on Friday, February 4th. Bank of America downgraded BCE to a “neutral” rating in a research report on Monday, March 14th. National Bankshares upped their price objective on BCE from C$70.00 to C$71.00 and gave the company an “outperform” rating in a research report on Friday, February 4th. Finally, JPMorgan Chase & Co. upped their price objective on BCE from C$66.00 to C$68.00 and gave the company a “neutral” rating in a research report on Monday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, BCE has an average rating of “Hold” and a consensus price target of C$68.17.

BCE traded down C$0.02 during trading on Monday, reaching C$73.20. 886,167 shares of the stock were exchanged, compared to its average volume of 3,815,813. The business’s 50 day moving average price is C$68.22 and its two-hundred day moving average price is C$65.96. The company has a debt-to-equity ratio of 129.35, a current ratio of 0.68 and a quick ratio of 0.50. The company has a market capitalization of C$66.62 billion and a price-to-earnings ratio of 24.48. BCE has a 1 year low of C$57.66 and a 1 year high of C$73.80.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last posted its earnings results on Thursday, February 3rd. The company reported C$0.76 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.72 by C$0.04. The firm had revenue of C$6.21 billion for the quarter, compared to analysts’ expectations of C$6.23 billion. On average, analysts anticipate that BCE will post 3.5699998 EPS for the current year.

BCE Company Profile (Get Rating)

BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.

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