National Bankshares Issues Positive Forecast for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by National Bankshares from C$38.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 13.17% from the company’s current price.

Several other equities research analysts also recently weighed in on BCE. Scotiabank reduced their price target on BCE from C$40.25 to C$39.50 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. upped their price objective on BCE from C$33.00 to C$37.00 in a research report on Friday. Barclays upgraded BCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. CIBC raised shares of BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, December 9th. Finally, TD Securities reduced their price target on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$37.85.

BCE Trading Down 1.6%

BCE stock traded down C$0.57 during mid-day trading on Friday, reaching C$34.46. 3,622,131 shares of the stock traded hands, compared to its average volume of 3,745,172. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. BCE has a one year low of C$28.73 and a one year high of C$36.59. The stock has a market capitalization of C$31.77 billion, a PE ratio of 5.17, a PEG ratio of 4.67 and a beta of 0.47. The business has a 50-day moving average price of C$33.01 and a two-hundred day moving average price of C$33.06.

BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share (EPS) for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The firm had revenue of C$6.05 billion during the quarter. Equities research analysts expect that BCE will post 3.1120864 EPS for the current year.

BCE Company Profile

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.