BCE Inc. (BCE) Price Target Raised to C$66.00 at Desjardins
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price objective increased by investment analysts at Desjardins from C$65.00 to C$66.00 in a report issued on Friday. Desjardins’ price target suggests a potential upside of 8.95% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Scotiabank cut their target price on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 27th. TD Securities cut their target price on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating on the stock in a research report on Monday, September 25th. J P Morgan Chase & Co cut their price target on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Barclays PLC increased their price target on shares of BCE from C$64.00 to C$65.00 in a research report on Friday. Finally, National Bank Financial increased their price target on shares of BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BCE currently has an average rating of “Buy” and a consensus price target of C$62.62.
BCE (BCE) traded up C$0.11 during trading on Friday, reaching C$60.58. 956,628 shares of the company’s stock were exchanged, compared to its average volume of 1,160,000. BCE has a 52 week low of C$56.80 and a 52 week high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Thursday, August 3rd. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.87 by C$0.01. BCE had a net margin of 14.23% and a return on equity of 20.64%. The company had revenue of C$5.70 billion for the quarter, compared to the consensus estimate of C$5.62 billion.
WARNING: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/04/bce-inc-bce-price-target-raised-to-c66-00-at-desjardins.html.
In other BCE news, insider Blaik Kirby sold 6,498 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total transaction of C$385,331.40. Also, Director Katherine M. Lee bought 2,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of C$58.91 per share, for a total transaction of C$117,820.00.
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.
Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.