BCE (TSE:BCE) Stock Rating Upgraded by TD Securities

BCE (TSE:BCE) (NYSE:BCE) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Scotiabank lifted their price target on shares of BCE from C$39.50 to C$41.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. TD upgraded shares of BCE from a “hold” rating to a “buy” rating and set a C$37.00 target price for the company in a research note on Thursday. Desjardins decreased their price target on BCE from C$41.50 to C$41.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their target price on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$38.33.

BCE Price Performance

Shares of BCE opened at C$30.37 on Wednesday. The business has a 50-day simple moving average of C$33.15 and a two-hundred day simple moving average of C$33.74. The stock has a market cap of C$28.32 billion, a PE ratio of 4.49, a PEG ratio of 4.67 and a beta of 0.24. BCE has a 12-month low of C$30.03 and a 12-month high of C$36.25. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 183.90.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 EPS for the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%.The firm had revenue of C$6.17 billion for the quarter. Analysts anticipate that BCE will post 3.1120864 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BCE news, insider Thierry Chaumont sold 4,110 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$33.59, for a total value of C$138,054.90. Also, insider Sean Cohan sold 3,645 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$33.48, for a total value of C$122,034.60. In the last 90 days, insiders sold 11,255 shares of company stock worth $376,464. Insiders own 0.02% of the company’s stock.

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.