BCE (TSE:BCE) Price Target Raised to C$41.00 at Scotiabank

BCE (TSE:BCE) (NYSE:BCE) had its price target raised by research analysts at Scotiabank from C$39.50 to C$41.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 14.65% from the stock’s previous close.

A number of other brokerages have also recently commented on BCE. BMO Capital Markets upgraded shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 target price on the stock in a research report on Thursday, December 11th. National Bank Financial lifted their price objective on BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Barclays upgraded BCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. TD Securities lifted their price target on BCE from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce upgraded BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BCE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.70.

BCE Price Performance

Shares of BCE 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 current ratio of 0.58, a quick ratio of 0.43 and a debt-to-equity ratio of 179.16. The company has a market capitalization 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. The company’s 50-day moving average is C$34.70 and its 200 day moving average is C$33.34. BCE has a 12-month low of C$28.73 and a 12-month high of C$36.25.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Friday, March 6th. The company reported C$0.69 EPS for the quarter. The firm had revenue of C$6.40 billion for the quarter. BCE had a net margin of 26.40% and a return on equity of 31.99%. On average, equities analysts predict that BCE will post 3.1120864 EPS 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.