TD Securities Boosts BCE (TSE:BCE) Price Target to C$40.00

BCE (TSE:BCE) (NYSE:BCE) had its target price hoisted by equities researchers at TD Securities from C$38.00 to C$40.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 13.60% from the stock’s current price.

Other research analysts have also issued research reports about the company. Barclays raised BCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Desjardins dropped their price target on shares of BCE from C$41.00 to C$40.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Scotiabank cut their price objective on BCE from C$40.25 to C$39.50 and set an “outperform” rating for the company in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of BCE from C$33.00 to C$37.00 in a research report on Friday, February 6th. Finally, BMO Capital Markets raised BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 price target for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$38.05.

BCE Trading Up 0.0%

TSE:BCE opened at C$35.21 on Tuesday. The firm has a market capitalization of C$32.83 billion, a P/E ratio of 5.19, a PEG ratio of 4.67 and a beta of 0.47. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. BCE has a one year low of C$28.73 and a one year high of C$36.59. The company’s 50-day simple moving average is C$33.45 and its 200 day simple moving average is C$33.19.

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.