BCE (TSE:BCE – Get Free Report) (NYSE:BCE) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, BayStreet.CA reports.
Several other brokerages have also weighed in on BCE. Barclays dropped their target price on BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. BMO Capital Markets lowered BCE from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$54.00 to C$46.00 in a report on Tuesday, April 2nd. TD Securities lowered their price target on BCE from C$55.00 to C$51.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Royal Bank of Canada lowered their price target on BCE from C$57.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on BCE from C$54.00 to C$47.00 in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BCE has an average rating of “Hold” and an average price target of C$52.48.
Read Our Latest Research Report on BCE
BCE Stock Up 1.0 %
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.03. BCE had a return on equity of 10.81% and a net margin of 9.17%. The business had revenue of C$6.47 billion for the quarter, compared to analyst estimates of C$6.48 billion. Equities analysts anticipate that BCE will post 3.0377747 earnings per share for the current year.
About BCE
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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