BCE (BCE) Price Target Raised to C$62.00 at JPMorgan Chase & Co.
BCE (TSE:BCE) (NYSE:BCE) had its price objective upped by JPMorgan Chase & Co. from C$59.00 to C$62.00 in a research report report published on Monday morning.
Other analysts have also recently issued research reports about the stock. TD Securities dropped their price objective on shares of BCE from C$57.00 to C$56.00 and set a hold rating for the company in a research note on Tuesday, October 23rd. Morgan Stanley upped their price objective on shares of BCE from C$59.00 to C$60.00 in a research note on Thursday, November 29th. Desjardins raised shares of BCE from a hold rating to a buy rating and dropped their price objective for the company from C$60.75 to C$59.50 in a research note on Thursday, October 18th. Cormark upped their price objective on shares of BCE from C$59.00 to C$61.00 in a research note on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of BCE from C$60.00 to C$59.00 and set a sector perform rating for the company in a research note on Friday, November 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of C$59.65.
BCE stock opened at C$57.00 on Monday. The stock has a market cap of $51.49 billion and a PE ratio of 18.39. The company has a debt-to-equity ratio of 117.96, a current ratio of 0.56 and a quick ratio of 0.42. BCE has a 52 week low of C$50.72 and a 52 week high of C$57.70.
In other BCE news, insider Glen Leblanc sold 7,471 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of C$57.00, for a total value of C$425,847.00. Also, Director Robert Simmonds sold 2,500 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of C$18.67, for a total transaction of C$46,675.00. Insiders sold a total of 85,821 shares of company stock worth $4,779,285 over the last quarter.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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