Barclays Reinstates BCE (USA) to Overweight with Price Target $47

Brokerage firm Barclays Reinstates its rating on BCE (USA)(BCE). In a research note issued to the investors, the brokerage major Announces the price-target to $47 per share. The shares have been rated Overweight. The rating by the stock financial advisor at Barclays was issued on Mar 21, 2017 in a research report to their Investors and Clients.

BCE (USA) (BCE) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.14% at a volume of 8,09,717. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.265. The peak price level was also seen at $44.265 while the days lowest was $43.92. Finally the shares closed at $44.02. The 52-week high of the shares is $49.03 while the 52-week low is $41.83. According to the latest information available, the market cap of the company is $39,545 M.

BCE (USA)(BCE) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.391B. Analysts had an estimated revenue of $4.320B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.59.

BCE Inc. is a communications company. The Company provides residential business and wholesale customers with a range of solutions to all their communications needs including wireless high-speed Internet Internet protocol television (IPTV) and satellite TV business Internet protocol (IP) broadband and information and communications technology (ICT) services. The Company’s segments include Bell Wireless Bell Wireline and Bell Media. The Company’s Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment and bell direct to home (DTH) satellite television service. The Company’s Bell Media segment offers specialty and pay television radio digital media and out-of-home advertising. The Company through Bell media operates approximately 110 radio stations in over 50 markets across Canada.

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