BCE (TSE:BCE) Stock Price Expected to Rise, Scotiabank Analyst Says

BCE (TSE:BCE) (NYSE:BCE) had its price objective boosted by stock analysts at Scotiabank from C$39.50 to C$41.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 14.65% from the company’s current price.

A number of other brokerages have also issued reports on BCE. Royal Bank Of Canada raised their price target on BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Tuesday. Desjardins upped their price objective on BCE from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Tuesday. National Bank Financial increased their target price on BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. TD Securities lifted their target price on BCE from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Barclays raised shares of BCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$37.70.

BCE Trading Up 1.0%

BCE stock traded up C$0.34 during midday trading on Tuesday, reaching C$35.76. The stock had a trading volume of 2,176,026 shares, compared to its average volume of 3,640,844. The company has a quick ratio of 0.43, a current ratio of 0.58 and a debt-to-equity ratio of 179.16. The firm has a market cap of C$33.35 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 4.67 and a beta of 0.38. BCE has a 52-week low of C$28.73 and a 52-week high of C$36.25. The company has a fifty day moving average of C$34.70 and a 200 day moving average of C$33.34.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Friday, March 6th. The company reported C$0.69 earnings per share (EPS) for the quarter. The business had revenue of C$6.40 billion during the quarter. BCE had a return on equity of 31.99% and a net margin of 26.40%. On average, analysts anticipate that BCE will post 3.1120864 earnings per share for the current fiscal 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.