JPMorgan Chase & Co. Lowers BCE (BCE) Price Target to C$62.00

BCE (TSE:BCE) (NYSE:BCE) had its price target reduced by stock analysts at JPMorgan Chase & Co. from C$68.00 to C$62.00 in a report released on Monday. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.66% from the company’s current price.

BCE has been the subject of a number of other reports. Barclays boosted their price target on BCE from C$64.00 to C$65.00 in a report on Friday, November 3rd. Citigroup boosted their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. National Bank Financial cut their price target on BCE from C$64.00 to C$63.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Desjardins boosted their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Finally, Scotiabank cut their price target on BCE from C$61.00 to C$59.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. BCE currently has an average rating of “Buy” and a consensus target price of C$61.75.

BCE (BCE) opened at C$56.03 on Monday. BCE has a 1-year low of C$54.44 and a 1-year high of C$63.00. The stock has a market capitalization of $50,480.00, a price-to-earnings ratio of 17.35 and a beta of -0.08.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.74 by C$0.02. BCE had a return on equity of 20.55% and a net margin of 14.39%. The company had revenue of C$5.96 billion during the quarter, compared to analysts’ expectations of C$5.95 billion. During the same period in the previous year, the firm posted $0.62 earnings per share.

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BCE Company Profile

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.

Analyst Recommendations for BCE (TSE:BCE)

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