BCE (TSE:BCE) PT Lowered to C$62.00 at JPMorgan Chase & Co.

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by JPMorgan Chase & Co. from C$68.00 to C$62.00 in a report released on Monday, February 12th. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.48% from the company’s current price.

Several other equities analysts also recently commented on the company. Desjardins upped their price objective on BCE from C$65.00 to C$66.00 in a research report on Friday, November 3rd. National Bank Financial upped their target price on BCE from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Barclays upped their price objective on BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Scotiabank decreased their price objective on BCE from C$61.00 to C$59.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, Royal Bank of Canada upped their target price on BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE presently has an average rating of “Buy” and an average price target of C$61.75.

Shares of BCE (TSE BCE) opened at C$56.12 on Monday. The stock has a market capitalization of $50,570.00, a P/E ratio of 17.37 and a beta of -0.08. BCE has a 12 month low of C$54.44 and a 12 month high of C$63.00.

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

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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.

Analyst Recommendations for BCE (TSE:BCE)

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