BCE (TSE:BCE) Receives Neutral Rating from UBS Group

BCE (TSE:BCEGet Rating) (NYSE:BCE)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a C$63.00 price objective on the stock. UBS Group’s target price suggests a potential downside of 14.59% from the stock’s current price.

A number of other analysts have also recently commented on BCE. Royal Bank of Canada lifted their price target on BCE from C$66.00 to C$69.00 in a research report on Monday, April 11th. CIBC lifted their price target on BCE from C$65.00 to C$67.00 and gave the stock a “neutral” rating in a research report on Friday, February 4th. Bank of America cut BCE to a “neutral” rating in a research report on Monday, March 14th. Cormark lifted their price target on BCE from C$67.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on BCE from C$66.00 to C$68.00 and gave the stock a “neutral” rating in a research report on Monday, February 7th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$68.46.

BCE stock traded up C$0.48 on Wednesday, hitting C$73.76. 2,666,242 shares of the company’s stock were exchanged, compared to its average volume of 3,722,528. BCE has a 12-month low of C$57.66 and a 12-month high of C$74.09. The firm has a 50 day moving average price of C$69.08 and a two-hundred day moving average price of C$66.39. The company has a debt-to-equity ratio of 129.35, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a market cap of C$67.13 billion and a P/E ratio of 24.68.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last announced its earnings results on Thursday, February 3rd. The company reported C$0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.04. The business had revenue of C$6.21 billion for the quarter, compared to analysts’ expectations of C$6.23 billion. Sell-side analysts expect 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.

Featured Articles

Stock Target Advisor logo

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.