BCE (TSE:BCE) Price Target Raised to C$44.00

by · The Cerbat Gem

BCE (TSE:BCE – Free Report) (NYSE:BCE) had its price objective raised by TD from C$40.00 to C$44.00 in a report published on Thursday morning,BayStreet reports. TD currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Scotiabank cut their price objective on shares of BCE from C$40.00 to C$36.50 and set a “sector outperform” rating for the company in a report on Tuesday, October 20th. Morgan Stanley raised shares of BCE from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from C$31.00 to C$35.00 in a report on Tuesday, July 21st. Royal Bank Of Canada dropped their price target on shares of BCE from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce cut their price target on BCE from C$39.00 to C$38.00 and set an “outperformer” rating for the company in a research note on Thursday, October 8th. Finally, Desjardins cut their price target on BCE from C$43.00 to C$41.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$37.42.

Get Our Latest Research Report on BCE

BCE Stock Performance

Shares of BCE stock opened at C$28.49 on Thursday. The company has a market capitalization of C$26.57 billion, a price-to-earnings ratio of 4.23, a PEG ratio of 4.67 and a beta of 0.37. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73. The company has a 50-day simple moving average of C$30.08 and a 200 day simple moving average of C$32.53. BCE has a 52 week low of C$26.66 and a 52 week high of C$36.25.

BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. BCE had a return on equity of 27.73% and a net margin of 25.89%. The company had revenue of C$6.18 billion for the quarter. On average, sell-side analysts predict that BCE will post 3.11 earnings per share for the current year.

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Tuesday, September 15th. BCE’s dividend payout ratio is presently 25.96%.

Insider Transactions at BCE

In other news, Director Louis Vachon bought 10,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were purchased at an average cost of C$30.63 per share, with a total value of C$306,300.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at C$3,063,000. This represents a 11.11% increase in their ownership of the stock. 0.02% of the stock is owned by insiders.

BCE Company Profile

(Get Free Report)

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.

Further Reading