Scotiabank Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its target price lowered by analysts at Scotiabank from C$40.75 to C$40.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 19.19% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada upgraded shares of BCE from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. CIBC raised BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. Desjardins dropped their target price on BCE from C$42.00 to C$41.00 and set a “buy” rating on the stock in a report on Monday, January 12th. BMO Capital Markets raised BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price target on the stock in a research report on Thursday, December 11th. Finally, TD Securities decreased 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, seven have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$36.20.

BCE Stock Up 0.1%

TSE BCE traded up C$0.05 during trading on Tuesday, hitting C$33.77. The stock had a trading volume of 2,458,776 shares, compared to its average volume of 3,282,297. BCE has a 12 month low of C$28.73 and a 12 month high of C$36.59. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The company’s 50-day moving average price is C$32.41 and its two-hundred day moving average price is C$32.87. The company has a market capitalization of C$31.49 billion, a PE ratio of 5.07, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.79 earnings per share (EPS) for the quarter. The company had revenue of C$6.05 billion for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. As a group, sell-side analysts forecast 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.