According to The Fly, stock analysts at BMO Capital Markets lowered their price objective for BCE (NYSE: BCE) and TSE: BCE) shares in a report issued on Friday.
The new price objective is C$64.00, down from the previous C$66.00.
Before this, the price goal had been set at $60.00.
Research analysts from various other companies have also penned articles concerning the share price. Royal Bank of Canada stated in a research note released on Friday, November 4, that they were increasing their target price on BCE shares from C$63.00 to C$64.00.
In a research report made available to the public on Friday, T.D. Securities disclosed that they had decreased their price estimate for BCE from $65.00 to $64.00.
Barclays lowered their target price for BCE in a research note published on Monday, January 9.
The new price target is $47,000, down from $48.00 previously.
Additionally, an “equal weight” rating was given to the stock by the company.
The Canadian Imperial Bank of Commerce (CIBC) has released a study dated January 12 stating that they have increased their price target on BCE from C$62.00 to C$64.00.
The price objective that Scotiabank has placed on BCE shares has increased from C$65.50 to C$66.75 due to a research report that was made public on November 4.
The final and most significant adjustment was made here.
Two analysts have given the stock a buy rating, while five experts recommended that shareholders hold their current positions.
According to Bloomberg, BCE’s current average price target is $63.18, and the company currently has a consensus rating of “Hold.”
Shares of NYSE BCE experienced a decrease in the price of $0.18 during the lunch hour on Friday, bringing the stock price to $45.94.
The company’s share volume was lower than its typical daily volume of 1,243,667 shares, which were traded.
The company traded a total of 1,160,236 shares.
The stock’s price-to-earnings ratio is 18.91, the price-to-growth ratio of the stock is 4.65, and the stock has a beta value of 0.60.
The company’s total value, as measured by its market capitalization, is $41.9 billion.
The simple moving average of the company’s stock price over the past 50 days is $45.84, and the average over the last 200 days is $46.55.
The current ratio is 0.60, the quick ratio is 0.54, and the debt-to-equity ratio is 1.40.
All of these ratios are relatively low.
These ratios are all quite low in their respective categories. Over the last year, BCE reached an all-time high of $59.34, while it hit an all-time low of $39.88.
On November 3, BCE (NYSE: BCE) (TSE: BCE) announced that it would release its quarterly earnings report.
The utility company reported earnings per share for the quarter of $0.67, which is $0.03 higher than the estimate of $0.64 per share made by market experts (EPS).
The company’s quarterly revenue came in at $4.62 billion, significantly higher than the $4.50 billion in sales that industry analysts had predicted would bring in during the period.
BCE had a return on equity of 16.10% and a net margin of 12.14%.
The company’s overall profitability was 12.14%.
According to the projections of specialists in equity research, each share of BCE stock will bring in a profit of $2.49 in 2018.
Several hedge funds’ BCE stock holdings have undergone recent modifications during the most recent period. Capital Wealth Alliance LLC shelled out close to $30,000 during the second quarter to purchase an additional stake in BCE.
The $34,000 represented a new investment in BCE made by Concord Wealth Partners during the fourth quarter.
The deal was struck between two employees of the same company. Retirement Financial Solutions LLC increased its total number of BCE shares held by the company by 35,000 during the fourth quarter, bringing the total number of shares held by the company to 80,000. $41,000 was invested in BCE by Coston McIsaac & Partners during the second quarter of the fiscal year.
And finally, during the fourth quarter, Community Bank N.A.
Brought the total amount of BCE stock it owned up to 176.5% of the company’s total value.
After purchasing an additional 600 shares during the most recent quarter, Community Bank N.A. now has a total of 940 shares of the utility’s stock, which gives it a value of $41,000.
These shares were acquired as part of the most recent transaction.
The current market price of these 940 shares comes to a total of $41,000.
To the tune of 42.92% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
BCE, INC is a multinational conglomerate in the telecommunications and media industries.
The company serves residential, commercial, and wholesale clients with its communication services.
All three categories of customers are catered to by BCE.
It does so under the auspices of three separate businesses, namely Bell Wireless, Bell Wireline, and Bell Media, each of which is responsible for its operations.
Bell Wireless can provide its customers in the home and business markets with integrated digital wireless voice and data communications products and services.
These customers can benefit from Bell Wireless.