Eight Capital Cuts BBTV (TSE:BBTV) Price Target to C$3.25

BBTV (TSE:BBTVGet Rating) had its price target reduced by equities research analysts at Eight Capital to C$3.25 in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm presently has a “na” rating on the stock. Eight Capital’s target price suggests a potential upside of 82.58% from the stock’s previous close.

BBTV has been the subject of a number of other reports. CIBC lowered their price target on BBTV from C$11.00 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, March 30th. Canaccord Genuity Group downgraded BBTV from a “buy” rating to a “hold” rating and lowered their price target for the company from C$11.00 to C$3.50 in a report on Wednesday, March 30th. Finally, Scotiabank lowered their price target on BBTV from C$18.50 to C$10.50 in a report on Monday, March 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, BBTV presently has a consensus rating of “Buy” and an average target price of C$9.68.

BBTV traded down C$0.07 on Wednesday, reaching C$1.78. The company’s stock had a trading volume of 44,651 shares, compared to its average volume of 80,372. The stock has a 50 day moving average of C$2.39 and a two-hundred day moving average of C$2.97. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 21.81. The company has a market capitalization of C$36.87 million and a price-to-earnings ratio of -1.12. BBTV has a fifty-two week low of C$1.70 and a fifty-two week high of C$8.40.

BBTV Company Profile (Get Rating)

BBTV Holdings Inc, a media and technology company, provides end-to-end management, distribution, and monetization solutions through the VISO platform to individual content creators and media companies. Its Base solution includes content optimization and discovery to increase content viewership, engagement, and performance; collaboration and fan engagement to connect the community of creators with each other; audience development and educational services comprises resources for influencers to stay informed and make decisions about their content; analytics and insights; partner experience that provides support for influencers to address their needs, including reporting, payments, and support; BBTV Fast Pay, which provides early payment of revenue to content creators; and Pay to Crypto enables content creators to choose their form of payment in cryptocurrencies, including Bitcoin, Ethereum, and USD Stablecoin.

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