BCE (TSE:BCE) Price Target Lowered to C$39.50 at Scotiabank

BCE (TSE:BCE) (NYSE:BCE) had its target price decreased by research analysts at Scotiabank from C$40.25 to C$39.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 14.63% from the stock’s current price.

A number of other analysts have also recently issued reports on BCE. CIBC raised BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, December 9th. Desjardins reduced their target price on shares of BCE from C$41.00 to C$40.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. increased their target price on BCE from C$33.00 to C$37.00 in a report on Friday. BMO Capital Markets upgraded BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price target on the stock in a report on Thursday, December 11th. Finally, TD Securities decreased their price objective on BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$37.85.

BCE Trading Down 1.6%

Shares of BCE stock traded down C$0.57 on Friday, hitting C$34.46. The stock had a trading volume of 3,622,131 shares, compared to its average volume of 3,745,172. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. BCE has a twelve month low of C$28.73 and a twelve month high of C$36.59. The company has a fifty day moving average price of C$33.01 and a two-hundred day moving average price of C$33.06. The firm has a market cap of C$31.77 billion, a P/E ratio of 5.17, a PEG ratio of 4.67 and a beta of 0.47.

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