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

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by stock analysts at JPMorgan Chase & Co. from C$59.00 to C$62.00 in a research note issued to investors on Monday. JPMorgan Chase & Co.‘s price target points to a potential upside of 8.73% from the company’s previous close.

Several other equities analysts also recently commented on the company. TD Securities dropped their price objective on BCE from C$57.00 to C$56.00 and set a “hold” rating on the stock in a research note on Tuesday, October 23rd. National Bank Financial downgraded BCE from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$60.00 to C$58.00 in a research note on Friday, January 4th. Morgan Stanley upped their price objective on BCE from C$59.00 to C$60.00 in a research note on Thursday, November 29th. Desjardins upgraded BCE from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$60.75 to C$59.50 in a research note on Thursday, October 18th. Finally, Barclays dropped their target price on BCE from C$65.00 to C$62.00 in a research report on Friday, November 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$59.65.

BCE stock traded down C$0.32 during trading on Monday, hitting C$57.02. The stock had a trading volume of 765,918 shares, compared to its average volume of 1,592,772. BCE has a 1 year low of C$50.72 and a 1 year high of C$57.70. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 115.69. The company has a market cap of $51.49 billion and a price-to-earnings ratio of 18.69.

In other news, Director Robert Simmonds purchased 2,200 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were purchased at an average price of C$55.49 per share, with a total value of C$122,078.00. Also, Director Michael Cole sold 75,850 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of C$56.78, for a total transaction of C$4,306,763.00. In the last ninety days, insiders sold 85,821 shares of company stock worth $4,779,285.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Analyst Recommendations for BCE (TSE:BCE)

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