BCE (TSE:BCE) Price Target Lowered to C$40.00 at Desjardins

BCE (TSE:BCE) (NYSE:BCE) had its target price reduced by Desjardins from C$41.00 to C$40.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 16.08% from the stock’s current price.

Several other equities research analysts have also recently weighed in on BCE. Scotiabank dropped their target price on BCE from C$40.75 to C$40.25 and set an “outperform” rating for the company in a report on Tuesday, January 20th. Barclays upgraded BCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. BMO Capital Markets raised shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price objective for the company in a research report on Thursday, December 11th. TD Securities cut their price objective on BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of BCE from C$33.00 to C$37.00 in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BCE has a consensus rating of “Moderate Buy” and a consensus target price of C$37.85.

BCE Price Performance

TSE BCE traded down C$0.57 during trading hours on Friday, reaching C$34.46. 3,622,131 shares of the stock traded hands, compared to its average volume of 3,745,172. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a 50 day simple moving average of C$33.01 and a two-hundred day simple moving average of C$33.06. BCE has a 1 year low of C$28.73 and a 1 year high of C$36.59. The company has a market cap of C$31.77 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.47.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.79 EPS 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. On average, analysts predict 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.