BCE (TSE:BCE) Stock Rating Upgraded by CIBC

BCE (TSE:BCE) (NYSE:BCE) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday,BayStreet.CA reports.

A number of other research analysts also recently weighed in on the stock. TD Securities reduced their target price on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, November 7th. National Bankshares set a C$35.00 price objective on BCE and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Desjardins raised their target price on BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. Finally, Scotiabank increased their price target on BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$36.23.

BCE Stock Performance

Shares of BCE stock traded down C$0.22 during trading hours on Tuesday, hitting C$32.16. 2,167,103 shares of the company’s stock traded hands, compared to its average volume of 3,719,267. The stock has a market capitalization of C$29.99 billion, a price-to-earnings ratio of 4.83, a PEG ratio of 4.67 and a beta of 0.51. BCE has a 12-month low of C$28.73 and a 12-month high of C$38.18. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The company has a fifty day simple moving average of C$32.65 and a 200-day simple moving average of C$32.40.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The company had revenue of C$6.05 billion for the quarter. Equities research analysts anticipate that BCE will post 3.1120864 EPS for the current fiscal year.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.