BCE (TSE:BCE) (NYSE:BCE) had its target price dropped by Canaccord Genuity from C$61.00 to C$59.00 in a note issued to investors on Friday. Canaccord Genuity’s target price points to a potential upside of 5.70% from the stock’s previous close.

BCE has been the subject of several other research reports. BMO Capital Markets set a C$61.00 price target on BCE and gave the stock an “outperform” rating in a report on Friday. National Bank Financial upped their price target on BCE from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Citigroup upped their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Royal Bank of Canada upped their price target on BCE from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Finally, Desjardins downgraded BCE from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$62.25.

Shares of BCE (TSE BCE) opened at C$55.82 on Friday. BCE has a 1-year low of C$54.44 and a 1-year high of C$63.00. The stock has a market capitalization of $50,290.00, a price-to-earnings ratio of 17.28 and a beta of -0.08.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.74 by C$0.02. BCE had a return on equity of 20.55% and a net margin of 14.39%. The business had revenue of C$5.96 billion during the quarter, compared to the consensus estimate of C$5.95 billion. During the same quarter in the prior year, the company posted $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.

Analyst Recommendations for BCE (TSE:BCE)

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