BCE (TSE:BCE) PT Raised to C$51.00 at BMO Capital Markets

BCE (TSE:BCE) (NYSE:BCE) had its price target lifted by investment analysts at BMO Capital Markets from C$48.00 to C$51.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 7.23% from the company’s current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price target on BCE from C$50.00 to C$52.00 in a research note on Thursday. Desjardins boosted their price target on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. National Bankshares boosted their price target on BCE from C$50.00 to C$52.00 in a research note on Thursday. Finally, Cormark dropped their price target on BCE from C$53.00 to C$52.00 in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$51.17.

BCE Stock Down 0.4 %

BCE opened at C$47.56 on Thursday. BCE has a fifty-two week low of C$42.58 and a fifty-two week high of C$56.18. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The company has a market capitalization of C$43.39 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.90 and a beta of 0.48. The stock has a fifty day moving average of C$46.95 and a 200-day moving average of C$46.18.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The firm had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.07 billion. On average, equities analysts expect that BCE will post 2.991195 EPS 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.