BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price target lifted by stock analysts at TD Securities from C$47.00 to C$48.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 5.29% from the company’s current price.
BCE has been the topic of several other reports. Canaccord Genuity Group lowered their target price on shares of BCE from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. National Bankshares lowered their target price on shares of BCE from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 26th. Royal Bank of Canada decreased their price target on shares of BCE from C$54.00 to C$51.00 in a report on Tuesday, July 9th. Barclays decreased their price target on shares of BCE from C$52.00 to C$48.00 in a report on Tuesday, April 9th. Finally, Scotiabank reduced their target price on shares of BCE from C$53.25 to C$53.00 and set a “sector perform” rating for the company in a research note on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$51.38.
Get Our Latest Analysis on BCE
BCE Price Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its earnings results on Thursday, May 2nd. The company reported C$0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.72. BCE had a net margin of 7.88% and a return on equity of 9.36%. The company had revenue of C$6.01 billion for the quarter, compared to the consensus estimate of C$6.09 billion. As a group, analysts anticipate that BCE will post 3.0157895 earnings per share for the current fiscal year.
BCE Company Profile
BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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