BCE (BCE) Cut to Hold at Desjardins

BCE (TSE:BCE) (NYSE:BCE) was downgraded by equities research analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Friday, January 12th.

BCE has been the subject of a number of other research reports. TD Securities cut their price target on BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research note on Monday, September 25th. JPMorgan Chase & Co. lifted their target price on shares of BCE from C$65.00 to C$68.00 in a research report on Monday, November 6th. Barclays lifted their target price on shares of BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd. Citigroup lifted their target price on shares of BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. Finally, Scotiabank lifted 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BCE currently has a consensus rating of “Buy” and a consensus price target of C$63.08.

BCE (TSE BCE) opened at C$58.06 on Friday. The stock has a market capitalization of $52,310.00, a PE ratio of 17.98 and a beta of 0.01. BCE has a 12 month low of C$57.20 and a 12 month high of C$63.00.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. BCE had a return on equity of 20.55% and a net margin of 14.39%.

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About BCE

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.

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