BCE Inc. (BCE) PT Raised to C$64.00
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price target raised by research analysts at National Bank Financial from C$61.00 to C$64.00 in a research report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 5.65% from the company’s previous close.
A number of other analysts have also weighed in on BCE. Citigroup Inc increased their price objective on shares of BCE from C$65.00 to C$66.00 in a research note on Friday. Scotiabank increased their price objective on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Friday. Royal Bank Of Canada increased their price objective on shares of BCE from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Friday. Barclays PLC increased their price objective on shares of BCE from C$64.00 to C$65.00 in a research note on Friday. Finally, Desjardins increased their price objective on shares of BCE from C$65.00 to C$66.00 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$62.62.
BCE (TSE:BCE) traded up C$0.11 during trading hours on Thursday, hitting C$60.58. 956,628 shares of the stock were exchanged, compared to its average volume of 1,160,000. BCE has a 1 year low of C$56.80 and a 1 year high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.87 by C$0.01. The firm had revenue of C$5.70 billion for the quarter, compared to analyst estimates of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%.
In related news, insider Blaik Kirby sold 6,498 shares of the firm’s stock in a transaction 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 purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of C$58.91 per share, for a total transaction of C$117,820.00.
BCE Company Profile
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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