Barclays Thinks BCE Inc’s Stock is Going to Recover


Barclays analyst Phillip Huang maintained a Buy rating on BCE Inc (NYSE: BCE) yesterday and set a price target of $50. The company’s shares closed yesterday at $41.39, close to its 52-week low of $41.01.

Huang has an average return of 3.1% when recommending BCE Inc.

According to TipRanks.com, Huang is ranked #417 out of 4773 analysts.

BCE Inc has an analyst consensus of Moderate Buy, with a price target consensus of $50.

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Based on BCE Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.69 billion and quarterly net profit of $479 million. In comparison, last year the company earned revenue of $4.07 billion and had a net profit of $536 million.

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BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following business segments: Bell Wireless, Bell Wireline, and Bell Media.

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