BMO Capital Remains a Buy on BCE Inc.

By Jason Carr

BCE Inc. (TSX: BCE), the Technology company, was revisited by a Wall Street analyst yesterday. BMO Capital’s analyst Tim Casey reiterates their Buy rating on the shares, with a C$64 price target.

According to TipRanks.com, Casey is a 4-star analyst with an average return of 7.4% and a 74.1% success rate. Casey covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and Corus Entertainment.

BCE Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$62.14.

BCE Inc.’s market cap is currently C$53.28B and has a P/E ratio of 18.

BCE, Inc. engages in the provision of communication services to consumer, residential, business, and government customers. It operates through the following segments: Bell Wireless, Bell Wireline, and Bell Media.

The company’s shares closed on Monday at $59.23.