BCE (BCE) Price Target Lowered to C$62.00 at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its target price reduced by equities researchers at JPMorgan Chase & Co. from C$68.00 to C$62.00 in a report issued on Monday. JPMorgan Chase & Co.’s price target would indicate a potential upside of 9.58% from the stock’s current price.

A number of other equities research analysts have also issued reports on BCE. Citigroup decreased their target price on shares of BCE from C$66.00 to C$64.00 in a research note on Friday. TD Securities reduced their price objective on shares of BCE from C$59.00 to C$58.00 in a research note on Friday. Canaccord Genuity reduced their price objective on shares of BCE from C$61.00 to C$59.00 in a research note on Friday. Scotiabank reduced their price objective on shares of BCE from C$61.00 to C$59.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$61.00 price objective on shares of BCE in a research note on Friday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$61.75.

Shares of BCE (BCE) traded up C$0.76 during trading hours on Monday, hitting C$56.58. 1,452,514 shares of the company’s stock were exchanged, compared to its average volume of 1,772,880. The firm has a market cap of $50,290.00, a price-to-earnings ratio of 17.52 and a beta of -0.08. BCE has a 52 week low of C$54.44 and a 52 week high of C$63.00.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.02. The company had revenue of C$5.96 billion during the quarter, compared to analyst estimates of C$5.95 billion. BCE had a net margin of 14.39% and a return on equity of 20.55%. During the same quarter last year, the business posted $0.62 EPS.

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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.

Analyst Recommendations for BCE (TSE:BCE)

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