BCE (TSE:BCE) Given New C$41.00 Price Target at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its target price lifted by investment analysts at TD Securities from C$40.00 to C$41.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 14.65% from the company’s current price.

Several other equities analysts also recently commented on BCE. Royal Bank Of Canada upped their price objective on BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank boosted their target price on BCE from C$39.50 to C$41.00 and gave the company an “outperform” rating in a research note on Tuesday. National Bank Financial upped their price target on BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on BCE from C$33.00 to C$37.00 in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce raised BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$37.70.

BCE Stock Performance

BCE traded up C$0.34 during trading on Tuesday, hitting C$35.76. 2,176,026 shares of the company traded hands, compared to its average volume of 3,640,844. BCE has a one year low of C$28.73 and a one year high of C$36.25. The stock’s fifty day moving average is C$34.70 and its 200 day moving average is C$33.34. The company has a quick ratio of 0.43, a current ratio of 0.58 and a debt-to-equity ratio of 179.16. The firm has a market cap of C$33.35 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 4.67 and a beta of 0.38.

BCE (TSE:BCE) (NYSE:BCE) last released its earnings results on Friday, March 6th. The company reported C$0.69 earnings per share for the quarter. BCE had a net margin of 26.40% and a return on equity of 31.99%. The firm had revenue of C$6.40 billion for the quarter. As a group, equities 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.