BCE (TSE:BCE – Get Free Report) (NYSE:BCE) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of BCE from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$54.00 to C$46.00 in a research report on Tuesday, April 2nd. TD Securities decreased their price target on BCE from C$55.00 to C$51.00 and set a “hold” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their price target on BCE from C$54.00 to C$47.00 in a report on Wednesday, April 3rd. National Bankshares reduced their price objective on BCE from C$55.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Finally, Canaccord Genuity Group lowered their target price on shares of BCE from C$57.00 to C$55.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$52.48.
Check Out Our Latest Stock Report on BCE
BCE Trading Down 0.4 %
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.73 by C$0.03. The company had revenue of C$6.47 billion for the quarter, compared to the consensus estimate of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%. As a group, equities analysts forecast that BCE will post 3.0377747 EPS 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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