BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its target price dropped by equities research analysts at Scotiabank from C$55.50 to C$53.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 19.88% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. CIBC dropped their target price on BCE from C$54.00 to C$52.00 in a report on Thursday, April 4th. Desjardins dropped their target price on BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a report on Friday, February 9th. TD Securities dropped their target price on BCE from C$55.00 to C$51.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Royal Bank of Canada dropped their price target on BCE from C$57.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. Finally, National Bankshares dropped their price target on BCE from C$55.00 to C$53.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$53.63.
Read Our Latest Stock Analysis on BCE
BCE Stock Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the consensus estimate of C$0.73 by C$0.03. BCE had a return on equity of 10.81% and a net margin of 9.17%. The firm had revenue of C$6.47 billion for the quarter, compared to analysts’ expectations of C$6.48 billion. Equities research analysts anticipate that BCE will post 3.0377747 EPS for the current year.
BCE Company Profile
BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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