RBC Capital analyst Drew Mcreynolds maintained a Hold rating on BCE (BCE) yesterday and set a price target of C$59.00. The company’s shares closed last Monday at $41.86.
According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 5.9% and a 59.0% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Rogers Communication, Quebecor, and Telus.
BCE has an analyst consensus of Hold, with a price target consensus of $45.54.
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Based on BCE’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.35 billion and net profit of $271 million. In comparison, last year the company earned revenue of $5.89 billion and had a net profit of $799 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 segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers. The Bell Wireline segment offers data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products to residential, small and medium-sized business, and large enterprise customers. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.
