BCE Inc. (TSE:BCE) PT Lowered to C$65.00 at J P Morgan Chase & Co
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price target cut by equities researchers at J P Morgan Chase & Co from C$66.00 to C$65.00 in a research report issued on Friday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 10.02% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Morgan Stanley increased their price objective on BCE from C$61.00 to C$62.00 in a research note on Wednesday, May 17th. National Bank Financial increased their price objective on BCE from C$59.00 to C$61.00 in a research note on Thursday, April 27th. Citigroup Inc. increased their price objective on BCE from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. TD Securities reissued a “hold” rating and issued a C$59.00 price objective on shares of BCE in a research note on Monday, April 24th. Finally, Scotiabank dropped their price objective on BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. BCE has a consensus rating of “Hold” and a consensus target price of C$62.17.
Shares of BCE (BCE) traded up 0.54% during midday trading on Friday, hitting $59.08. The stock had a trading volume of 704,984 shares. BCE has a 52-week low of $56.80 and a 52-week high of $63.38. The company’s 50 day moving average is $58.65 and its 200 day moving average is $59.35. The company has a market cap of $53.14 billion and a PE ratio of 18.23.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. BCE had a return on equity of 19.17% and a net margin of 13.47%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.62 billion. On average, analysts anticipate that BCE will post $3.36 earnings per share for the current year.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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