BCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) Director Louis Vachon bought 10,000 shares of BCE stock in a transaction dated Friday, September 18th. The shares were bought at an average cost of C$30.63 per share, for a total transaction of C$306,300.00. Following the completion of the acquisition, the director owned 100,000 shares in the company, valued at C$3,063,000. This represents a 11.11% increase in their position.
BCE Price Performance
Shares of TSE BCE traded down C$0.02 during mid-day trading on Monday, reaching C$30.88. The company had a trading volume of 6,157,504 shares, compared to its average volume of 4,162,961. The firm has a market cap of C$28.80 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 4.67 and a beta of 0.37. The business’s 50-day simple moving average is C$31.67 and its 200 day simple moving average is C$32.81. BCE Inc. has a one year low of C$29.66 and a one year high of C$36.25. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73.
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.65 earnings per share for the quarter. The business had revenue of C$6.18 billion during the quarter. BCE had a net margin of 25.89% and a return on equity of 27.73%. On average, research analysts predict that BCE Inc. will post 3.1120864 earnings per share for the current fiscal year.
BCE Dividend Announcement
Wall Street Analyst Weigh In
A number of brokerages have weighed in on BCE. Desjardins raised their target price on BCE from C$41.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday. TD upped their price objective on BCE from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Scotia raised their price objective on BCE from C$39.00 to C$40.00 and gave the company a “sector outperform” rating in a research note on Friday, August 7th. TD Securities raised BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada dropped their target price 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 analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$37.69.
View Our Latest Stock Analysis on BCE
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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