BCE (TSE:BCE) Raised to “Hold” at Barclays

BCE (TSE:BCE) (NYSE:BCE) was upgraded by stock analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on BCE. CIBC raised BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, December 9th. Desjardins dropped their price objective on shares of BCE from C$42.00 to C$41.00 and set a “buy” rating on the stock in a report on Monday, January 12th. BMO Capital Markets upgraded shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 target price for the company in a research report on Thursday, December 11th. Scotiabank decreased their price target on shares of BCE from C$40.75 to C$40.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 20th. Finally, Cibc Captl Mkts raised shares of BCE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$36.20.

BCE Trading Down 1.0%

BCE stock opened at C$34.31 on Tuesday. BCE has a 12 month low of C$28.73 and a 12 month high of C$36.59. The company has a market capitalization of C$31.99 billion, a price-to-earnings ratio of 5.15, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The business’s fifty day simple moving average is C$32.69 and its two-hundred day simple moving average is C$32.96. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.79 EPS for the quarter. The firm had revenue of C$6.05 billion for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. As a group, equities analysts predict that BCE will post 3.1120864 earnings per share for the current fiscal 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.