BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price target dropped by equities research analysts at Cormark from C$58.00 to C$53.00 in a report issued on Thursday, BayStreet.CA reports. Cormark’s target price indicates a potential upside of 18.30% from the stock’s current price. Cormark also issued estimates for BCE’s Q1 2024 earnings at $0.70 EPS.
Other equities analysts have also issued reports about the stock. Scotiabank reduced their price target on shares of BCE from C$55.50 to C$53.25 and set a “sector perform” rating on the stock in a research report on Wednesday. Desjardins reduced their target price on shares of BCE from C$58.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. reduced their target price on shares of BCE from C$54.00 to C$47.00 in a research report on Wednesday, April 3rd. Barclays reduced their target price on shares of BCE from C$52.00 to C$48.00 in a research report on Tuesday, April 9th. Finally, CIBC reduced their target price on shares of BCE from C$54.00 to C$52.00 in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, BCE currently has a consensus rating of “Hold” and an average target price of C$52.48.
BCE Price Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.73 by C$0.03. The firm had revenue of C$6.47 billion for the quarter, compared to analyst estimates of C$6.48 billion. BCE had a net margin of 9.17% and a return on equity of 10.81%. On average, equities analysts anticipate that BCE will post 3.0377747 EPS for the current fiscal year.
BCE Company Profile
BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.
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