In a latest note to investors, a research analyst has provided a rating update for the BCE Inc. (BCE). The company received a Buy yesterday from Desjardins’ analyst Maher Yaghi, with a C$63 price target.
According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 5.4% and a 65.0% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.
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Currently, the analyst consensus on BCE Inc. is a Moderate Buy with an average price target of C$58.90.
BCE Inc.’s market cap is currently C$49.91B and has a P/E ratio of 18.4. The company has a Price to Book ratio of 2.97.
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.
The company’s shares closed on Tuesday at C$55.58.