BCE Inc. (BCE) PT Raised to C$65.00

BCE Inc. (TSE:BCE) (NYSE:BCE) had its target price increased by research analysts at Barclays PLC from C$64.00 to C$65.00 in a report released on Friday. Barclays PLC’s price target would indicate a potential upside of 7.30% from the company’s previous close.

Several other equities analysts have also recently issued reports on BCE. National Bank Financial boosted their price target on BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada lifted their price objective on BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a report on Friday. Citigroup Inc. lifted their price objective on BCE from C$65.00 to C$66.00 in a report on Friday. J P Morgan Chase & Co lowered their price objective on BCE from C$66.00 to C$65.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Finally, TD Securities lowered their price objective on BCE from C$59.00 to C$58.00 and set a “hold” rating on the stock in a report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$62.62.

BCE (BCE) opened at C$60.58 on Friday. BCE has a 52-week low of C$56.80 and a 52-week high of C$63.00.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, August 3rd. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.01. The firm had revenue of C$5.70 billion for the quarter, compared to analysts’ expectations of C$5.62 billion. BCE had a return on equity of 20.64% and a net margin of 14.23%.

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In other news, insider Blaik Kirby sold 6,498 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of C$59.30, for a total transaction of C$385,331.40. Also, Director Katherine M. Lee purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of C$58.91 per share, for a total transaction of C$117,820.00.

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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