BCE (TSE:BCE) Price Target Raised to C$43.00 at Desjardins

BCE (TSE:BCE) (NYSE:BCE) had its price objective upped by research analysts at Desjardins from C$41.00 to C$43.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 37.12% from the company’s current price.

A number of other research firms also recently commented on BCE. Morgan Stanley upgraded BCE from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from C$31.00 to C$35.00 in a research report on Tuesday, July 21st. Scotia boosted their price target on shares of BCE from C$39.00 to C$40.00 and gave the company a “sector outperform” rating in a research note on Friday, August 7th. Scotiabank dropped their target price on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 7th. Raymond James Financial set a C$37.00 price objective on BCE and gave the company a “market perform” rating in a report on Thursday, July 16th. Finally, TD Securities raised BCE from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$37.69.

BCE Trading Down 0.5%

Shares of BCE stock traded down C$0.17 on Thursday, hitting C$31.36. 2,669,783 shares of the stock traded hands, compared to its average volume of 4,118,697. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73. BCE has a twelve month low of C$29.66 and a twelve month high of C$36.25. The firm’s 50-day moving average price is C$31.63 and its two-hundred day moving average price is C$32.91. The stock has a market capitalization of C$29.24 billion, a PE ratio of 4.65, a PEG ratio of 4.67 and a beta of 0.37.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 6th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$6.18 billion for the quarter. BCE had a net margin of 25.89% and a return on equity of 27.73%. As a group, analysts anticipate that BCE will post 3.1120864 EPS for the current year.

About BCE

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.