BCE (TSE:BCE) Stock Rating Upgraded by BMO Capital Markets

BCE (TSE:BCE) (NYSE:BCE) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a C$37.00 price objective on the stock. BMO Capital Markets’ price objective points to a potential upside of 13.43% from the company’s previous close.

Several other equities research analysts have also weighed in on BCE. Cibc Captl Mkts upgraded BCE from a “hold” rating to a “strong-buy” rating in a report on Tuesday. TD Securities dropped their price target on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Desjardins boosted their price objective on shares of BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Royal Bank Of Canada raised shares of BCE from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$35.00 to C$47.00 in a report on Wednesday, October 15th. Finally, CIBC upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$36.41.

BCE Stock Performance

Shares of BCE opened at C$32.62 on Thursday. The firm has a market cap of C$30.42 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 4.67 and a beta of 0.51. BCE has a 12 month low of C$28.73 and a 12 month high of C$36.80. The company’s fifty day moving average is C$32.62 and its 200-day moving average is C$32.43. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share for the quarter. The company had revenue of C$6.05 billion for the quarter. BCE had a return on equity of 1.39% and a net margin of 1.10%. Equities analysts expect that BCE will post 3.1120864 EPS for the current fiscal year.

About BCE

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.