BCE (TSE:BCE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

BCE (TSE:BCE) (NYSE:BCE) had its price target hoisted by Royal Bank Of Canada from C$38.00 to C$39.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 9.06% from the company’s previous close.

A number of other brokerages have also weighed in on BCE. BMO Capital Markets raised shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price target on the stock in a research note on Thursday, December 11th. Desjardins increased their target price on BCE from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Tuesday. Canadian Imperial Bank of Commerce upgraded BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. Barclays raised BCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, TD Securities boosted their price target on BCE from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$37.70.

BCE Price Performance

Shares of BCE stock traded up C$0.34 on Tuesday, reaching C$35.76. The company’s stock had a trading volume of 2,176,026 shares, compared to its average volume of 3,640,844. The company has a market capitalization of C$33.35 billion, a P/E ratio of 5.27, a PEG ratio of 4.67 and a beta of 0.38. BCE has a 52-week low of C$28.73 and a 52-week high of C$36.25. The stock has a 50-day moving average price of C$34.70 and a 200-day moving average price of 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.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results 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 company had revenue of C$6.40 billion during the quarter. Analysts expect that BCE will post 3.1120864 EPS for the current 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.