BCE (TSE:BCE) PT Raised to C$53.00 at Royal Bank of Canada

BCE (TSE:BCE) (NYSE:BCE) had its target price upped by research analysts at Royal Bank of Canada from C$51.00 to C$53.00 in a report issued on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 11.44% from the company’s previous close.

Other analysts have also issued reports about the stock. Canaccord Genuity Group reduced their price objective on shares of BCE from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Desjardins increased their price objective on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Cormark reduced their price objective on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. TD Securities increased their price objective on shares of BCE from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$51.17.

BCE Stock Down 0.4 %

Shares of TSE BCE opened at C$47.56 on Thursday. The firm’s 50-day moving average price is C$46.95 and its 200-day moving average price is C$46.18. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The stock has a market capitalization of C$43.39 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.90 and a beta of 0.48. BCE has a 12-month low of C$42.58 and a 12-month high of C$56.18.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.80 by C($0.02). The business had revenue of C$6.01 billion for the quarter, compared to analysts’ expectations of C$6.07 billion. BCE had a net margin of 8.75% and a return on equity of 10.63%. On average, equities research analysts anticipate that BCE will post 2.991195 EPS for the current fiscal year.

About BCE

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.