BCE (TSE:BCE) Upgraded by BMO Capital Markets to “Outperform” Rating

BCE (TSE:BCE) (NYSE:BCE) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a C$37.00 price objective on the stock. BMO Capital Markets’ price objective suggests a potential upside of 14.44% from the company’s previous close.

BCE has been the subject of several other research reports. Desjardins increased their price objective on BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. CIBC upgraded BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday. Scotiabank upped their target price on BCE from C$39.50 to C$41.50 and gave the company an “outperform” rating in a research note on Monday, September 8th. TD Securities reduced their price target on BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$35.00 to C$47.00 in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$36.41.

BCE Stock Up 1.0%

BCE stock traded up C$0.32 during trading on Thursday, reaching C$32.33. The stock had a trading volume of 2,633,684 shares, compared to its average volume of 3,724,262. BCE has a 52-week low of C$28.73 and a 52-week high of C$36.85. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The stock has a market cap of C$30.15 billion, a PE ratio of 4.85, a P/E/G ratio of 4.67 and a beta of 0.51. The business has a 50 day moving average price of C$32.63 and a 200 day moving average price of C$32.41.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share (EPS) for the quarter. BCE had a return on equity of 1.39% and a net margin of 1.10%.The firm had revenue of C$6.05 billion during the quarter. On average, analysts predict that BCE will post 3.1120864 EPS for the current year.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.