Research analysts at Argus assumed coverage on shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a “hold” rating on the utilities provider’s stock.

BCE has been the topic of a number of other research reports. Citigroup Inc. raised BCE from a “neutral” rating to a “buy” rating in a research report on Thursday, April 6th. BidaskClub raised BCE from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Barclays PLC initiated coverage on BCE in a research report on Tuesday, March 21st. They set an “overweight” rating and a $47.00 price target on the stock. Zacks Investment Research raised BCE from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, June 29th. Finally, Canaccord Genuity set a $60.00 price target on BCE and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.75.

BCE (NYSE:BCE) opened at 46.28 on Tuesday. The firm’s 50-day moving average price is $45.13 and its 200 day moving average price is $44.64. BCE has a 1-year low of $41.83 and a 1-year high of $49.03. The stock has a market cap of $41.63 billion, a PE ratio of 17.94 and a beta of 0.36.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.37 billion. BCE had a return on equity of 22.03% and a net margin of 13.36%. BCE’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. Equities research analysts expect that BCE will post $2.66 EPS for the current year.

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A number of large investors have recently made changes to their positions in BCE. Gradient Investments LLC raised its stake in shares of BCE by 174.5% in the second quarter. Gradient Investments LLC now owns 17,097 shares of the utilities provider’s stock worth $770,000 after buying an additional 10,868 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of BCE by 10.2% in the second quarter. Reilly Financial Advisors LLC now owns 27,627 shares of the utilities provider’s stock worth $1,244,000 after buying an additional 2,552 shares in the last quarter. Aperio Group LLC raised its stake in shares of BCE by 2.7% in the second quarter. Aperio Group LLC now owns 363,487 shares of the utilities provider’s stock worth $16,371,000 after buying an additional 9,426 shares in the last quarter. Chemung Canal Trust Co. raised its stake in shares of BCE by 59.5% in the second quarter. Chemung Canal Trust Co. now owns 47,289 shares of the utilities provider’s stock worth $2,130,000 after buying an additional 17,650 shares in the last quarter. Finally, Jarislowsky Fraser Ltd raised its stake in shares of BCE by 1.1% in the second quarter. Jarislowsky Fraser Ltd now owns 470,883 shares of the utilities provider’s stock worth $21,174,000 after buying an additional 5,261 shares in the last quarter. 43.89% of the stock is currently owned by institutional investors and hedge funds.

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 (NYSE:BCE)

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