BCE (TSE:BCE) Price Target Increased to C$62.00 by Analysts at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by Royal Bank of Canada from C$61.00 to C$62.00 in a report published on Friday, BayStreet.CA reports.

A number of other research analysts have also weighed in on BCE. CIBC raised their price target on shares of BCE from C$58.00 to C$59.00 in a research note on Friday, May 3rd. Desjardins downgraded shares of BCE from a buy rating to a hold rating and cut their price objective for the company from C$66.00 to C$65.00 in a report on Friday, May 3rd. National Bank Financial increased their price objective on shares of BCE from C$58.00 to C$60.00 and gave the company a sector perform rating in a report on Thursday, July 4th. Citigroup downgraded shares of BCE from a buy rating to a neutral rating and set a C$60.00 price objective for the company. in a report on Friday, May 3rd. Finally, TD Securities upgraded shares of BCE from a hold rating to a buy rating and set a C$63.00 price objective for the company in a report on Tuesday, June 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. BCE presently has a consensus rating of Hold and a consensus target price of C$61.82.

BCE stock traded up C$0.27 during midday trading on Friday, reaching C$60.97. The company had a trading volume of 2,083,100 shares, compared to its average volume of 1,738,929. The company has a market capitalization of $54.80 billion and a P/E ratio of 19.12. BCE has a 12-month low of C$50.72 and a 12-month high of C$62.75. The business has a fifty day moving average of C$60.03. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 133.90.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.78 by C($0.01). The company had revenue of C$5.73 billion for the quarter, compared to analysts’ expectations of C$5.72 billion. On average, research analysts forecast that BCE will post 3.7200001 earnings per share for the current fiscal 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. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Analyst Recommendations for BCE (TSE:BCE)

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