BCE (BCE) Price Target Raised to C$63.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective upped by investment analysts at Morgan Stanley from C$60.00 to C$63.00 in a research report issued to clients and investors on Thursday. Morgan Stanley’s price objective would indicate a potential upside of 8.12% from the stock’s previous close.

Several other research firms have also recently commented on BCE. TD Securities raised their target price on shares of BCE from C$56.00 to C$58.00 and gave the stock a “hold” rating in a research note on Friday, February 8th. Cormark raised their target price on shares of BCE from C$59.00 to C$61.00 in a research note on Friday, February 8th. Royal Bank of Canada raised their target price on shares of BCE from C$59.00 to C$60.00 in a research note on Friday, February 8th. JPMorgan Chase & Co. raised their target price on shares of BCE from C$59.00 to C$62.00 in a research note on Monday, February 11th. Finally, Echelon Wealth Partners restated a “hold” rating on shares of BCE in a research note on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$59.95.

BCE stock traded down C$0.53 during midday trading on Thursday, hitting C$58.27. 1,120,241 shares of the company’s stock were exchanged, compared to its average volume of 1,877,543. BCE has a 12-month low of C$50.72 and a 12-month high of C$59.79. The company has a debt-to-equity ratio of 117.96, a quick ratio of 0.42 and a current ratio of 0.56. The company has a market capitalization of $53.52 billion and a P/E ratio of 18.80.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, February 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.86 by C$0.03. The business had revenue of C$6.22 billion for the quarter, compared to analysts’ expectations of C$6.20 billion. As a group, equities analysts expect that BCE will post 3.72000003520108 earnings per share for the current year.

BCE Company Profile

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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