Latest news with #AdamShine
Globe and Mail
3 days ago
- Business
- Globe and Mail
BCE Inc: Analyst Update & Analysis
BCE Inc. (BCE:CA) (BCE) National Bank Financial has maintained its 'Outperform' rating for BCE Inc., adjusting its 12-month price target to CAD 35 from CAD 36. This revision reflects a cautious outlook amid ongoing challenges in the telecommunications sector. Analyst Adam Shine's updated forecast for BCE's FY2025 earnings per share is CAD 2.70, slightly down from the previous estimate of CAD 2.71. This adjustment aligns with broader concerns over the company's financial health, including high leverage and dividend sustainability. Despite these challenges, BCE continues to offer a substantial dividend yield, which remains a key attraction for income-focused. Stock Forecast & Analysis According to the stock forecast from 12 analysts, the average 12-month target price for BCE Inc. is CAD 34.94. This represents a potential upside of approximately 17% from its most recent closing price of CAD 29.87. However, the average analyst rating is a 'Hold,' indicating a neutral stance on the stock. Analysts see limited near-term catalysts for significant growth, suggesting that investors should not expect major upside in the short term. Stock Target Advisor's independent fundamental analysis paints a more negative picture, rating BCE Inc. as 'Bearish.' This rating is based on three positive signals and eleven negative signals. The bearish assessment reflects concerns about the company's financial fundamentals, which likely include high levels of debt, weak earnings growth, and pressure on revenue. There are also likely worries about BCE's ability to sustain its dividend amid high capital expenditure and broader challenges in the Canadian telecom sector. Despite some recent signs of stabilization, BCE's share performance over the past year has been notably weak. The stock has gained 0.54% over the past week and 1.12% over the past month, but these small increases follow a steep decline of 36.78% over the past year. This long-term drop has been driven by factors such as rising interest rates, which reduce the appeal of dividend-paying stocks, concerns about the sustainability of BCE's dividend, and regulatory and competitive pressures affecting the Canadian telecom industry. In summary, while BCE Inc. still offers an attractive dividend and maintains its role as a defensive telecom stock, analysts and technical models remain cautious. With a 'Hold' rating consensus and bearish sentiment from algorithmic analysis, the company may struggle to regain investor confidence until it demonstrates more stable earnings, improved growth prospects, or clarity around its long-term capital strategy.
Business Insider
3 days ago
- Business
- Business Insider
National Bank Keeps Their Buy Rating on Cogeco Communications (CGEAF)
In a report released today, Adam Shine from National Bank maintained a Buy rating on Cogeco Communications (CGEAF – Research Report), with a price target of C$85.00. The company's shares closed yesterday at $50.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Shine is a 3-star analyst with an average return of 2.9% and a 50.79% success rate. Shine covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus. Currently, the analyst consensus on Cogeco Communications is a Moderate Buy with an average price target of $59.27, implying a 17.37% upside from current levels. In a report released on June 3, TD Securities also maintained a Buy rating on the stock with a C$98.00 price target.
Business Insider
3 days ago
- Business
- Business Insider
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. Confident Investing Starts Here: 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.
Business Insider
3 days ago
- Business
- Business Insider
Transcontinental (TCL.A) Gets a Buy from National Bank
In a report released today, Adam Shine from National Bank maintained a Buy rating on Transcontinental (TCL.A – Research Report), with a price target of C$24.00. The company's shares opened today at C$21.26. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Shine covers the Communication Services sector, focusing on stocks such as BCE, Telus, and Rogers Communication. 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, Transcontinental also received a Buy from RBC Capital's Drew Mcreynolds in a report issued yesterday. However, today, BMO Capital maintained a Hold rating on Transcontinental (TSX: TCL.A). The company has a one-year high of C$22.33 and a one-year low of C$14.45. Currently, Transcontinental has an average volume of 309.2K.
