BCE (TSE:BCE) Upgraded at National Bank Financial

BCE (TSE:BCE) (NYSE:BCE) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports. National Bank Financial also issued estimates for BCE’s FY2025 earnings at $2.78 EPS.

Other equities research analysts have also recently issued research reports about the company. TD Securities increased their price target on BCE from C$31.00 to C$33.00 and gave the company a “hold” rating in a research note on Friday, February 7th. National Bankshares raised their price objective on shares of BCE from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of BCE from C$29.00 to C$28.00 and set an “underweight” rating on the stock in a report on Thursday. Canaccord Genuity Group upped their target price on BCE from C$33.00 to C$33.50 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada reduced their price objective on shares of BCE from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$39.36.

BCE Stock Performance

BCE stock opened at C$32.38 on Thursday. BCE has a 1 year low of C$30.71 and a 1 year high of C$49.13. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market capitalization of C$29.33 billion, a P/E ratio of 108.63, a P/E/G ratio of 4.67 and a beta of 0.48. The business has a 50 day moving average of C$33.71 and a 200-day moving average of C$37.40.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.