BCE (TSE:BCE) Given New C$64.00 Price Target at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by TD Securities from C$63.00 to C$64.00 in a report published on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. CIBC raised their price objective on BCE from C$59.00 to C$60.00 in a research report on Friday. JPMorgan Chase & Co. downgraded BCE from an outperform rating to a neutral rating and lowered their price objective for the stock from C$63.00 to C$60.00 in a research report on Monday, July 8th. Royal Bank of Canada raised their price objective on BCE from C$61.00 to C$62.00 in a research report on Friday. Citigroup downgraded BCE from a buy rating to a neutral rating and set a C$60.00 price objective for the company. in a research report on Friday, May 3rd. Finally, BMO Capital Markets raised their price objective on BCE from C$62.00 to C$63.00 in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$61.82.

Shares of BCE traded up C$0.27 during mid-day trading on Friday, reaching C$60.97. 2,083,100 shares of the company were exchanged, compared to its average volume of 1,738,929. BCE has a 52 week low of C$50.72 and a 52 week high of C$62.75. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.55 and a quick ratio of 0.42. The company has a market capitalization of $54.80 billion and a PE ratio of 19.12. The stock has a 50 day simple moving average of C$60.03.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.78 by C($0.01). The firm had revenue of C$5.73 billion during the quarter, compared to the consensus estimate of C$5.72 billion. Equities research analysts predict that BCE will post 3.7200001 EPS for the current fiscal year.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

Recommended Story: The Structure of a Futures Contract

Analyst Recommendations for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.