BMO Capital Markets Reiterates Outperform Rating for BCE (BCE)
BCE (TSE:BCE) (NYSE:BCE)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They currently have a C$61.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.28% from the company’s current price.
A number of other equities research analysts have also issued reports on BCE. JPMorgan Chase & Co. boosted their target price on BCE from C$65.00 to C$68.00 in a research report on Monday, November 6th. Citigroup boosted their target price on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Desjardins boosted their target price on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Barclays boosted their target price on BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd. Finally, TD Securities cut their target price on BCE from C$59.00 to C$58.00 in a research report on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BCE presently has an average rating of “Buy” and a consensus price target of C$62.25.
Shares of BCE (TSE BCE) opened at C$55.82 on Friday. The firm has a market capitalization of $50,290.00, a price-to-earnings ratio of 17.28 and a beta of -0.08. BCE has a twelve month low of C$54.44 and a twelve month high of C$63.00.
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.
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