BCE (BCE) Gets a Buy from TD Cowen
In a report released on August 7, Vince Valentini from TD Cowen maintained a Buy rating on BCE, with a price target of C$37.00. The company’s shares closed last Friday at C$31.67.
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Valentini covers the Communication Services sector, focusing on stocks such as Cogeco Communications, Quebecor, and Telus. According to TipRanks, Valentini has an average return of 0.3% and a 53.48% success rate on recommended stocks.
BCE has an analyst consensus of Moderate Buy, with a price target consensus of C$36.81, which is a 16.24% upside from current levels. In a report released on August 7, Scotiabank also maintained a Buy rating on the stock with a C$40.00 price target.
Based on BCE’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$6.17 billion and a net profit of C$653 million. In comparison, last year the company earned a revenue of C$5.93 billion and had a net profit of C$671 million
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BCE in relation to earlier this year.
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