BCE (TSE:BCE – Get Free Report) (NYSE:BCE) was upgraded by research analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, BayStreet.CA reports.
A number of other research analysts have also issued reports on BCE. Canaccord Genuity Group reduced their target price on shares of BCE from C$57.00 to C$55.00 and set a “buy” rating for the company in a research note on Friday, February 9th. TD Securities reduced their target price on shares of BCE from C$55.00 to C$51.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Royal Bank of Canada reduced their target price on shares of BCE from C$57.00 to C$54.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of BCE from C$54.00 to C$47.00 in a research note on Wednesday, April 3rd. Finally, Scotiabank reduced their target price on shares of BCE from C$55.50 to C$53.25 and set a “sector perform” rating for the company in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, BCE currently has an average rating of “Hold” and a consensus target price of C$52.48.
Check Out Our Latest Stock Report on BCE
BCE Stock Up 1.0 %
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.73 by C$0.03. BCE had a net margin of 9.17% and a return on equity of 10.81%. The business had revenue of C$6.47 billion during the quarter, compared to analyst estimates of C$6.48 billion. On average, sell-side analysts predict that BCE will post 3.0377747 earnings per share for the current fiscal year.
BCE Company Profile
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.
Further Reading
- Five stocks we like better than BCE
- How is Compound Interest Calculated?
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Stock Average Calculator
- Lockheed Martin Stock Aims for a Fresh All-Time High
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Beyond the Halving: The Future of Bitcoin Mining Stocks
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.