TD Securities Trims BCE (BCE) Target Price to C$58.00

BCE (TSE:BCE) (NYSE:BCE) had its price objective lowered by stock analysts at TD Securities from C$59.00 to C$58.00 in a note issued to investors on Friday. TD Securities’ price target points to a potential upside of 3.91% from the company’s previous close.

Several other equities analysts have also recently commented on BCE. Citigroup upped their target price on shares of BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Royal Bank of Canada upped their target price on shares of BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. National Bank Financial upped their target price on shares of BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Barclays upped their target price on shares of BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Finally, Desjardins upped their target price on shares of BCE from C$65.00 to C$66.00 in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$62.25.

Shares of BCE (BCE) opened at C$55.82 on Friday. BCE has a one year low of C$54.44 and a one year high of C$63.00. The firm has a market cap of $50,290.00, a price-to-earnings ratio of 17.28 and a beta of -0.08.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.74 by C$0.02. BCE had a net margin of 14.39% and a return on equity of 20.55%. The business had revenue of C$5.96 billion during the quarter, compared to analysts’ expectations of C$5.95 billion. During the same period in the previous year, the company earned $0.62 earnings per share.

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About BCE

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.

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