BCE’s “Neutral” Rating Reaffirmed at Credit Suisse (BCE)
BCE (NYSE:BCE)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse in a report released on Thursday. They currently have a $50.00 target price on the stock, up from their previous target price of $48.00. Credit Suisse’s target price would indicate a potential upside of 7.74% from the company’s current price.
BCE (NYSE:BCE) traded down 0.35% on Thursday, hitting $46.2456. 303,672 shares of the company’s stock traded hands. BCE has a one year low of $40.02 and a one year high of $46.70. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $44.03. The company has a market cap of $35.947 billion and a P/E ratio of 19.17.
BCE (NYSE:BCE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.05. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that BCE will post $3.15 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of BCE in a research note on Wednesday, June 18th. They now have a $48.00 price target on the stock. Analysts at RBC Capital downgraded shares of BCE from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 28th. They now have a $47.00 price target on the stock, down previously from $48.00. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. BCE presently has a consensus rating of “Hold” and a consensus price target of $48.33.
BCE Inc is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs.
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