National Bank Reaffirms Their Buy Rating on BCE (BCE)
National Bank analyst Adam Shine maintained a Buy rating on BCE (BCE – Research Report) today and set a price target of C$35.00. The company's shares opened today at $21.80.
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Shine covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus. According to TipRanks, Shine has an average return of 2.9% and a 50.79% success rate on recommended stocks.
In addition to National Bank, BCE also received a Buy from Scotiabank's Maher Yaghi in a report issued on June 2. However, on the same day, J.P. Morgan maintained a Sell rating on BCE (NYSE: BCE).
Based on BCE's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.93 billion and a net profit of $671 million. In comparison, last year the company earned a revenue of $6.01 billion and had a net profit of $449 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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