JPMorgan Chase Trims BCE (TSE:BCE) Target Price to C$62.00

BCE (TSE:BCE) (NYSE:BCE) had its price target cut by equities research analysts at JPMorgan Chase to C$62.00 in a report released on Monday, May 7th. JPMorgan Chase’s price target indicates a potential upside of 14.43% from the stock’s previous close.

BCE has been the subject of a number of other reports. Scotiabank reiterated a “sector perform” rating and set a C$59.00 price target on shares of BCE in a report on Friday, April 27th. National Bank Financial lowered their price target on shares of BCE from C$63.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, April 24th. Barclays lowered their price target on shares of BCE from C$52.00 to C$50.00 in a report on Friday, May 4th. CIBC lowered their price target on shares of BCE from C$61.00 to C$59.00 in a report on Friday, May 4th. Finally, Desjardins decreased their target price on shares of BCE from C$62.00 to C$61.00 in a research report on Friday, May 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$59.67.

Shares of BCE opened at C$54.18 on Monday, according to MarketBeat.com. BCE has a 12 month low of C$52.90 and a 12 month high of C$62.90.

BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

Analyst Recommendations for BCE (TSE:BCE)

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