BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price objective decreased by equities research analysts at National Bankshares from C$52.00 to C$50.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 12.69% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Scotiabank dropped their price target on BCE from C$53.25 to C$53.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. TD Securities dropped their price target on BCE from C$48.00 to C$47.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets upped their price target on BCE from C$46.00 to C$47.00 and gave the company a “market perform” rating in a research report on Wednesday, June 12th. Cormark dropped their price target on BCE from C$58.00 to C$53.00 in a research report on Thursday, April 18th. Finally, Barclays dropped their price target on BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, BCE currently has an average rating of “Hold” and a consensus price target of C$52.00.
Read Our Latest Stock Report on BCE
BCE Stock Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.72 EPS for the quarter, hitting analysts’ consensus estimates of C$0.72. The business had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.09 billion. BCE had a return on equity of 9.36% and a net margin of 7.88%. As a group, analysts anticipate that BCE will post 3.0157895 EPS for the current 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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