BCE, Inc. (NYSE:BCE) (TSE:BCE) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $60.00 price objective on shares of BCE in a research report on Thursday. Zacks Investment Research cut shares of BCE from a “buy” rating to a “sell” rating in a research report on Wednesday, October 25th. Morgan Stanley reduced their price objective on shares of BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 27th. BidaskClub raised shares of BCE from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Barclays PLC lifted their price objective on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $56.83.
BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). BCE had a return on equity of 21.08% and a net margin of 12.85%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.
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Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in shares of BCE by 0.7% during the 1st quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after buying an additional 20 shares in the last quarter. Camarda Financial Advisors LLC boosted its holdings in shares of BCE by 0.5% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares in the last quarter. AT Bancorp bought a new position in shares of BCE during the 2nd quarter worth approximately $149,000. Tower Research Capital LLC TRC boosted its holdings in shares of BCE by 1,416.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,548 shares of the utilities provider’s stock worth $207,000 after buying an additional 3,314 shares in the last quarter. Finally, Howland Capital Management LLC bought a new position in shares of BCE during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.
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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