BCE (TSE:BCE) PT Lowered to C$53.00

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by research analysts at Cormark from C$58.00 to C$53.00 in a note issued to investors on Thursday, BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 18.30% from the stock’s current price. Cormark also issued estimates for BCE’s Q1 2024 earnings at $0.70 EPS.

BCE has been the topic of a number of other research reports. National Bankshares dropped their price target on shares of BCE from C$55.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Royal Bank of Canada dropped their price target on shares of BCE from C$57.00 to C$54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. CIBC dropped their price target on shares of BCE from C$54.00 to C$52.00 in a research report on Thursday, April 4th. Barclays lowered their price objective on shares of BCE from C$52.00 to C$48.00 in a research note on Tuesday, April 9th. Finally, BMO Capital Markets lowered shares of BCE from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$54.00 to C$46.00 in a research note on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, BCE currently has a consensus rating of “Hold” and a consensus price target of C$52.48.

BCE Stock Up 1.0 %

TSE:BCE opened at C$44.80 on Thursday. The company has a market cap of C$40.87 billion, a PE ratio of 19.65, a P/E/G ratio of 1.90 and a beta of 0.44. BCE has a one year low of C$43.96 and a one year high of C$65.66. The company has a debt-to-equity ratio of 175.98, a current ratio of 0.65 and a quick ratio of 0.43. The firm’s 50 day simple moving average is C$47.53 and its 200 day simple moving average is C$51.26.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.03. The firm had revenue of C$6.47 billion for the quarter, compared to the consensus estimate of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%. On average, research analysts anticipate that BCE will post 3.0377747 earnings per share for the current year.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.