National Bankshares Increases BCE (TSE:BCE) Price Target to C$52.00

BCE (TSE:BCE) (NYSE:BCE) had its price target increased by National Bankshares from C$50.00 to C$52.00 in a report released on Thursday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 9.34% from the stock’s current price.

BCE has been the topic of a number of other reports. Royal Bank of Canada upped their price target on BCE from C$51.00 to C$53.00 in a research report on Thursday. Canaccord Genuity Group reduced their price target on BCE from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Desjardins upped their price target on BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Cormark reduced their price target on BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$51.17.

BCE Stock Performance

Shares of TSE:BCE opened at C$47.56 on Thursday. The company has a market capitalization of C$43.39 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. BCE has a 52 week low of C$42.58 and a 52 week high of C$56.18. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The firm has a 50 day moving average of C$46.95 and a 200 day moving average of C$46.18.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). The business had revenue of C$6.01 billion during the quarter, compared to the consensus estimate of C$6.07 billion. BCE had a return on equity of 10.63% and a net margin of 8.75%. On average, sell-side analysts predict that BCE will post 2.991195 earnings per share for the current fiscal year.

About BCE

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.