BCE, Inc. (NYSE:BCE) (TSE:BCE) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, October 4th. BidaskClub raised shares of BCE from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Argus initiated coverage on shares of BCE in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Barclays PLC upped their price target on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Finally, Morgan Stanley reduced their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. BCE currently has a consensus rating of “Buy” and an average target price of $56.83.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). BCE had a net margin of 12.85% and a return on equity of 21.08%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company posted $0.94 earnings per share. BCE’s revenue was up 6.7% compared to the same quarter last year.

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Hedge funds have recently made changes to their positions in the stock. HBK Sorce Advisory LLC acquired a new stake in BCE in the third quarter worth about $102,000. Parallel Advisors LLC acquired a new stake in BCE in the fourth quarter worth about $104,000. Societe Generale acquired a new stake in BCE in the second quarter worth about $118,000. SG Americas Securities LLC increased its position in BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 20 shares during the period. Finally, Camarda Financial Advisors LLC increased its position in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 43.02% of the company’s stock.

About BCE

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.

The Fly

Analyst Recommendations for BCE (NYSE:BCE)

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