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

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by equities research analysts at TD from C$37.00 to C$40.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 24.34% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Scotiabank dropped their target price on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 7th. Scotia upped their price objective on shares of BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a report on Friday, August 7th. TD Securities raised shares of BCE from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Raymond James Financial set a C$37.00 price objective on BCE and gave the stock a “market perform” rating in a research report on Thursday, July 16th. Finally, Desjardins decreased their target price on shares of BCE from C$43.50 to C$41.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$37.54.

BCE Stock Performance

BCE stock traded down C$0.42 during trading on Tuesday, hitting C$32.17. 5,382,950 shares of the company’s stock traded hands, compared to its average volume of 4,084,913. The stock has a market capitalization of C$30.00 billion, a price-to-earnings ratio of 4.77, a price-to-earnings-growth ratio of 4.67 and a beta of 0.37. The stock has a fifty day moving average price of C$31.58 and a two-hundred day moving average price of C$32.96. The company has a quick ratio of 0.43, a current ratio of 0.73 and a debt-to-equity ratio of 175.06. BCE has a 52 week low of C$29.66 and a 52 week high of C$36.25.

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