BCE (TSE:BCE) Stock Rating Upgraded by CIBC

BCE (TSE:BCE) (NYSE:BCE) was upgraded by CIBC from a “neutral” rating to a “sector outperform” rating in a research note issued on Tuesday, MarketBeat.com reports.

BCE has been the subject of several other reports. Desjardins raised their price target on BCE from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. National Bankshares set a C$35.00 target price on BCE and gave the company an “outperform” rating in a report on Tuesday, August 12th. Scotiabank boosted their target price on shares of BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a research report on Monday, September 8th. Royal Bank Of Canada raised shares of BCE from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. Finally, TD Securities reduced their price objective on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$36.23.

BCE Trading Down 0.2%

Shares of BCE stock opened at C$32.01 on Tuesday. BCE has a 52-week low of C$28.73 and a 52-week high of C$37.45. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The company’s 50-day simple moving average is C$32.63 and its 200-day simple moving average is C$32.41. The firm has a market cap of C$29.85 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 4.67 and a beta of 0.51.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.79 EPS for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The firm had revenue of C$6.05 billion during the quarter. As a group, equities research analysts anticipate that BCE will post 3.1120864 earnings per share for the current year.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.