Royal Bank Of Canada Increases BCE Inc. (BCE) Price Target to C$62.00
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price objective hoisted by investment analysts at Royal Bank Of Canada from C$61.00 to C$62.00 in a research report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 2.34% from the company’s current price.
Several other research analysts also recently weighed in on the company. Citigroup Inc. upped their price target on BCE from C$65.00 to C$66.00 in a research note on Friday. TD Securities dropped their price target on BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research note on Monday, September 25th. J P Morgan Chase & Co dropped their price target on BCE from C$66.00 to C$65.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, Scotiabank dropped 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 note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BCE presently has an average rating of “Buy” and an average price target of C$62.62.
Shares of BCE (BCE) traded up C$0.11 during trading hours on Friday, hitting C$60.58. The company had a trading volume of 956,628 shares, 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 announced its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.87 by C$0.01. The company had revenue of C$5.70 billion during the quarter, compared to the consensus estimate of C$5.62 billion. BCE had a return on equity of 20.64% and a net margin of 14.23%.
In other news, Director Katherine M. Lee bought 2,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of C$58.91 per share, for a total transaction of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the 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 value of C$385,331.40.
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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