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

BCE (TSE:BCE) (NYSE:BCE) had its price objective lowered by investment analysts at Scotiabank from C$41.50 to C$40.75 in a report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 23.78% from the company’s current price.

BCE has been the subject of several other reports. CIBC raised shares of BCE from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, December 9th. TD Securities reduced their price objective on shares of BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Cibc Captl Mkts raised shares of BCE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada upgraded shares of BCE from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$35.00 to C$47.00 in a research note on Wednesday, October 15th. Finally, Desjardins upped their price target on BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, BCE presently has an average 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. BCE has a 12-month low of C$28.73 and a 12-month high of C$36.59. The stock’s fifty day simple moving average is C$32.30 and its two-hundred day simple moving average is C$32.78. The stock has a market capitalization of C$30.70 billion, a PE ratio of 4.94, a price-to-earnings-growth 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 (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.79 EPS for the quarter. BCE had a return on equity of 1.39% and a net margin of 1.10%.The firm had revenue of C$6.05 billion during the quarter. As a group, analysts expect 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.