BCE (TSE:BCE) Given New C$72.00 Price Target at Cormark

BCE (TSE:BCEGet Rating) (NYSE:BCE) had its price target boosted by equities research analysts at Cormark from C$67.00 to C$72.00 in a research report issued on Wednesday, BayStreet.CA reports. Cormark’s price objective indicates a potential downside of 2.70% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group increased their price objective on BCE from C$69.00 to C$70.00 in a research report on Tuesday, January 11th. Bank of America cut shares of BCE to a “neutral” rating in a research note on Monday, March 14th. National Bankshares lifted their price objective on BCE from C$70.00 to C$71.00 and gave the company an “outperform” rating in a report on Friday, February 4th. BMO Capital Markets lifted their target price on shares of BCE from C$69.00 to C$70.00 in a research note on Friday, February 4th. Finally, JPMorgan Chase & Co. increased their target price on BCE from C$66.00 to C$68.00 and gave the stock a “neutral” rating in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$68.46.

Shares of BCE stock traded up C$0.72 during trading on Wednesday, hitting C$74.00. 708,792 shares of the company were exchanged, compared to its average volume of 3,695,068. The business’s 50-day simple moving average is C$69.08 and its 200 day simple moving average is C$66.39. The firm has a market capitalization of C$67.35 billion and a price-to-earnings ratio of 24.73. BCE has a twelve month low of C$57.66 and a twelve month high of C$74.05. The company has a debt-to-equity ratio of 129.35, a quick ratio of 0.50 and a current ratio of 0.68.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last released its quarterly earnings results on Thursday, February 3rd. The company reported C$0.76 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.04. The business had revenue of C$6.21 billion for the quarter, compared to the consensus estimate of C$6.23 billion. On average, equities analysts forecast that BCE will post 3.5699999 earnings per share for the current fiscal 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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