BCE (TSE:BCE) Given New C$42.00 Price Target at Desjardins

BCE (TSE:BCE) (NYSE:BCE) had its target price increased by equities researchers at Desjardins from C$40.00 to C$42.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 17.45% from the company’s previous close.

Several other equities research analysts have also recently commented on BCE. Scotiabank cut their price target on shares of BCE from C$40.25 to C$39.50 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Barclays raised BCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. BMO Capital Markets upgraded BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 target price on the stock in a report on Thursday, December 11th. Canadian Imperial Bank of Commerce raised BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. Finally, National Bank Financial raised their price target on BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. One analyst has 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$37.70.

BCE Stock Up 1.0%

Shares of BCE traded up C$0.34 during mid-day trading on Tuesday, hitting C$35.76. 2,176,026 shares of the company’s stock were exchanged, compared to its average volume of 3,640,844. The company has a debt-to-equity ratio of 179.16, a current ratio of 0.58 and a quick ratio of 0.43. BCE has a 52 week low of C$28.73 and a 52 week high of C$36.25. The company has a market cap of C$33.35 billion, a PE ratio of 5.27, a P/E/G ratio of 4.67 and a beta of 0.38. The company has a 50-day simple moving average of C$34.70 and a 200 day simple moving average of C$33.34.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Friday, March 6th. The company reported C$0.69 EPS for the quarter. BCE had a net margin of 26.40% and a return on equity of 31.99%. The business had revenue of C$6.40 billion for the quarter. On average, research 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.