BCE (TSE:BCE) (NYSE:BCE) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from C$68.00 to C$62.00 in a research note issued on Monday. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 9.44% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Desjardins upped their target price on shares of BCE from C$65.00 to C$66.00 in a research report 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 stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays upped their target price on shares of BCE from C$64.00 to C$65.00 in a research report 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 stock a “sector perform” rating in a research report on Friday, November 3rd. Finally, Scotiabank upped their target price on shares of BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. BCE presently has an average rating of “Buy” and an average target price of C$61.75.

Shares of BCE (TSE BCE) traded up C$0.83 during trading hours on Monday, hitting C$56.65. 1,240,894 shares of the company were exchanged, compared to its average volume of 1,767,006. BCE has a twelve month low of C$54.44 and a twelve month high of C$63.00. The company has a market cap of $50,290.00, a P/E ratio of 17.53 and a beta of -0.08.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of C$5.95 billion. During the same quarter in the prior year, the firm earned $0.62 EPS.

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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 (TSE:BCE)

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