BCE (TSE:BCE – Get Free Report) (NYSE:BCE) had its price objective dropped by stock analysts at Scotiabank from C$41.00 to C$39.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 28.42% from the stock’s current price.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada boosted their target price on BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. TD upgraded BCE from a “hold” rating to a “buy” rating and set a C$37.00 price target for the company in a research note on Thursday, July 2nd. TD Securities raised BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Finally, Desjardins dropped their price target on BCE from C$41.50 to C$41.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, BCE has an average rating of “Buy” and a consensus target price of C$38.11.
BCE Stock Up 2.3%
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share (EPS) for the quarter. The business had revenue of C$6.17 billion for the quarter. BCE had a net margin of 26.07% and a return on equity of 29.69%. On average, equities analysts forecast that BCE will post 3.1120864 earnings per share for the current fiscal year.
Insider Transactions at BCE
In other news, Director Louis Vachon bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$33.39 per share, with a total value of C$500,850.00. Following the completion of the acquisition, the director directly owned 75,000 shares of the company’s stock, valued at C$2,504,250. This trade represents a 25.00% increase in their position. Also, insider Thierry Chaumont sold 4,110 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$33.59, for a total value of C$138,054.90. In the last ninety days, insiders have sold 11,255 shares of company stock valued at $376,464. 0.02% of the stock is owned by company insiders.
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.
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