BCE (TSE:BCE) PT Set at C$37.00 by Raymond James Financial

BCE (TSE:BCE) (NYSE:BCE) has been given a C$37.00 target price by equities research analysts at Raymond James Financial in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 20.84% from the stock’s previous close.

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

BCE Trading Down 1.6%

BCE opened at C$30.62 on Thursday. BCE has a one year low of C$29.66 and a one year high of C$36.25. The stock has a market capitalization of C$28.55 billion, a PE ratio of 4.52, a P/E/G ratio of 4.67 and a beta of 0.29. The business’s 50 day moving average price is C$32.64 and its 200 day moving average price is C$33.62. 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 (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.63 earnings per share for the quarter. The company had revenue of C$6.17 billion during the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%. As a group, equities research analysts expect that BCE will post 3.1120864 EPS for the current 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 that occurred on Friday, May 15th. The shares were sold at an average price of C$33.59, for a total value of C$138,054.90. Also, Director Louis Vachon acquired 15,000 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of C$33.39 per share, with a total value of C$500,850.00. Following the purchase, the director owned 75,000 shares of the company’s stock, valued at approximately C$2,504,250. This trade represents a 25.00% increase in their position. Insiders sold a total of 11,255 shares of company stock worth $376,464 over the last ninety days. Company 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.