BCE (TSE:BCE) Given a C$43.50 Price Target by Desjardins Analysts

BCE (TSE:BCE) (NYSE:BCE) received a C$43.50 price target from analysts at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 39.74% from the company’s previous close.

A number of other research analysts have also recently commented on BCE. Royal Bank Of Canada dropped their target price on shares of BCE from C$39.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Canaccord Genuity Group lowered their price objective on shares of BCE from C$35.00 to C$33.00 and set a “hold” rating for the company in a research report on Friday, July 10th. TD Securities raised shares of BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Scotiabank cut their target price on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 7th. Finally, TD upgraded shares of BCE from a “hold” rating to a “buy” rating and set a C$37.00 price target for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, BCE presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.50.

BCE Price Performance

BCE stock opened at C$31.13 on Wednesday. The company has a debt-to-equity ratio of 183.90, a quick ratio of 0.43 and a current ratio of 0.66. BCE has a 52 week low of C$29.66 and a 52 week high of C$36.25. The stock has a market capitalization of C$29.03 billion, a P/E ratio of 4.60, a price-to-earnings-growth ratio of 4.67 and a beta of 0.29. The stock has a fifty day moving average of C$32.69 and a 200-day moving average of C$33.64.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.63 earnings per share for the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%.The business had revenue of C$6.17 billion for the quarter. On average, sell-side analysts expect that BCE will post 3.1120864 earnings per share for the current fiscal year.

Insider Buying and Selling at BCE

In other news, insider Thierry Chaumont sold 4,110 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$33.59, for a total transaction of C$138,054.90. Also, Director Louis Vachon purchased 15,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of C$33.39 per share, for a total transaction of C$500,850.00. Following the acquisition, the director owned 75,000 shares of the company’s stock, valued at C$2,504,250. This trade represents a 25.00% increase in their position. In the last quarter, insiders have sold 11,255 shares of company stock valued at $376,464. Insiders own 0.02% of the company’s stock.

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.