BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price objective reduced by research analysts at Barclays from C$48.00 to C$46.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Barclays‘s price objective would indicate a potential upside of 0.57% from the company’s current price.
BCE has been the subject of several other reports. Desjardins boosted their target price on BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. National Bankshares cut shares of BCE from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$52.00 to C$48.00 in a report on Tuesday, October 1st. TD Securities dropped their price objective on BCE from C$51.00 to C$50.00 and set a “hold” rating on the stock in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets increased their target price on BCE from C$48.00 to C$51.00 in a research note on Thursday, September 19th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BCE currently has a consensus rating of “Hold” and an average price target of C$50.83.
Read Our Latest Research Report on BCE
BCE Price Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing the consensus estimate of C$0.80 by C($0.02). The firm had revenue of C$6.01 billion for the quarter, compared to analysts’ expectations of C$6.07 billion. BCE had a return on equity of 10.63% and a net margin of 8.75%. On average, sell-side analysts expect that BCE will post 3.0598958 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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