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CIBC Remains a Buy on BCE (BCE)

Tipranks - Sat May 9, 2:52PM CDT

In a report released today, Stephanie Price from CIBC maintained a Buy rating on BCE, with a price target of C$37.00.

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Price covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Kinaxis Inc, and CGI. According to TipRanks, Price has an average return of 7.3% and a 54.69% success rate on recommended stocks.

In addition to CIBC, BCE also received a Buy from ATB Cormark Capital Markets’s David Mcfadgen in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on BCE (NYSE: BCE).

Based on BCE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$6.4 billion and a net profit of C$630 million. In comparison, last year the company earned a revenue of C$6.42 billion and had a net profit of C$504 million

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