BCE (TSE:BCE) (NYSE:BCE) was upgraded by investment analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a C$59.50 price objective on the stock, down from their prior price objective of C$60.75. Desjardins’ price objective would indicate a potential upside of 11.32% from the company’s previous close. Desjardins also issued estimates for BCE’s Q3 2018 earnings at $0.95 EPS, FY2018 earnings at $3.49 EPS and FY2019 earnings at $3.71 EPS.
A number of other analysts have also issued reports on the company. Morgan Stanley lowered their price target on BCE from C$62.00 to C$59.00 in a research note on Friday, August 31st. Royal Bank of Canada lowered their price target on BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. CIBC lowered their price target on BCE from C$59.00 to C$58.00 in a research note on Friday, August 3rd. Finally, TD Securities lowered their price target on BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BCE presently has a consensus rating of “Buy” and a consensus price target of C$58.96.
Shares of TSE:BCE opened at C$53.45 on Thursday. BCE has a 1 year low of C$50.72 and a 1 year high of C$62.90.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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