BCE (TSE:BCE – Get Free Report) (NYSE:BCE) received a C$37.00 target price from analysts at Raymond James Financial in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 19.16% from the stock’s previous close.
BCE has been the subject of a number of other research reports. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Scotiabank decreased their price target on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 7th. TD raised BCE from a “hold” rating to a “buy” rating and set a C$37.00 target price for the company in a research note on Thursday, July 2nd. Canaccord Genuity Group decreased 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 note on Friday, July 10th. Finally, Royal Bank Of Canada lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$37.50.
Read Our Latest Stock Analysis on BCE
BCE Stock Performance
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$6.17 billion for the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%. Sell-side analysts forecast that BCE will post 3.1120864 earnings per share for the current year.
Insider Transactions at BCE
In other BCE news, insider Karine Moses sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$33.25, for a total transaction of C$116,375.00. Following the completion of the transaction, the insider owned 3,712 shares of the company’s stock, valued at approximately C$123,424. This trade represents a 48.53% decrease in their ownership of the stock. Also, Director Louis Vachon bought 15,000 shares of BCE stock in a transaction on Monday, May 11th. The stock was purchased at an average price of C$33.39 per share, for a total transaction of C$500,850.00. Following the completion of the acquisition, the director owned 75,000 shares in the company, valued at C$2,504,250. This represents a 25.00% increase in their position. Over the last quarter, insiders sold 11,255 shares of company stock valued at $376,464. Company 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.
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