BCE, Inc. (BCE) PT Raised to $62.00

BCE, Inc. (NYSE:BCE) (TSE:BCE) had its price target increased by equities research analysts at Morgan Stanley from $60.00 to $62.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential upside of 28.15% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 7th. Canaccord Genuity reiterated a “hold” rating and set a $60.00 target price on shares of BCE in a research report on Thursday, November 2nd. BidaskClub upgraded shares of BCE from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Barclays PLC increased their target price on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, National Bank Financial upgraded shares of BCE from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.00.

BCE (NYSE BCE) opened at $48.38 on Friday. The stock has a market cap of $43,563.14, a price-to-earnings ratio of 18.75, a PEG ratio of 5.24 and a beta of 0.34. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.18. BCE has a one year low of $42.44 and a one year high of $48.59.

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Large investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC bought a new stake in BCE during the 3rd quarter worth about $116,000. AT Bancorp bought a new stake in BCE during the 2nd quarter worth about $149,000. Tower Research Capital LLC TRC grew its holdings in BCE by 1,416.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,548 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 3,314 shares during the last quarter. Quantbot Technologies LP bought a new stake in BCE during the 3rd quarter worth about $190,000. Finally, Howland Capital Management LLC bought a new stake in BCE during the 3rd quarter worth about $202,000. 42.60% of the stock is currently owned by hedge funds and other institutional investors.

BCE Company Profile

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Analyst Recommendations for BCE (NYSE:BCE)

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