National Bank Financial Raises BCE Inc. (BCE) Price Target to C$64.00
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price target increased by equities researchers at National Bank Financial from C$61.00 to C$64.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 5.65% from the stock’s current price. National Bank Financial also issued estimates for BCE’s FY2019 earnings at $3.65 EPS.
A number of other brokerages have also recently commented on BCE. J P Morgan Chase & Co dropped their target price on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. TD Securities dropped 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 report on Monday, September 25th. Royal Bank Of Canada boosted their target price on shares of BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a report on Friday. Citigroup Inc. boosted their target price on shares of BCE from C$65.00 to C$66.00 in a report on Friday. Finally, Scotiabank lowered their price target on BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$62.62.
Shares of BCE (BCE) traded up C$0.11 during mid-day trading on Friday, 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 announced its earnings results on Thursday, August 3rd. The company reported C$0.88 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of C$5.70 billion for the quarter, compared to analysts’ expectations of C$5.62 billion.
In other BCE news, Director Katherine M. Lee bought 2,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of C$58.91 per share, with a total value of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$59.30, for a total value of C$385,331.40.
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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