Desjardins Has Lowered Expectations for BCE (TSE:BCE) Stock Price

BCE (TSE:BCE) (NYSE:BCE) had its price target dropped by investment analysts at Desjardins from C$42.00 to C$41.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 24.54% from the stock’s current price.

A number of other equities analysts have also weighed in on BCE. Royal Bank Of Canada raised BCE from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. TD Securities lowered their price target on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Scotiabank dropped their price objective on shares of BCE from C$41.50 to C$40.75 and set an “outperform” rating for the company in a report on Monday. CIBC upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. Finally, Cibc Captl Mkts upgraded shares of BCE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$36.25.

BCE Stock Down 0.5%

Shares of TSE BCE opened at C$32.92 on Monday. The stock has a market cap of C$30.70 billion, a PE ratio of 4.94, a P/E/G ratio of 4.67 and a beta of 0.48. 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 has a 12-month low of C$28.73 and a 12-month high of C$36.59. The company has a 50-day moving average of C$32.30 and a 200 day moving average of C$32.78.

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

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.