Disney CEO Bob Iger Nears Purchase Of Women's Soccer Club, Could Set Record For Priciest Women's Sports Team
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 05 2024
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Source: Benzinga
- Bob Iger's Return to Disney: Bob Iger has returned to The Walt Disney Company as CEO in November 2022.
- Potential Sports Team Ownership: Iger is close to acquiring a stake in women's soccer team Angel City, which competes in the NWSL.
- Angel City FC Valuation: The deal values Angel City at $300 million, making it the most valuable women's sports team globally.
- Investment Details: Iger and his wife will buy a controlling stake for at least $50 million, surpassing other interested parties like Marc Lasry and Avie Glazer.
- Sports Business Landscape: The acquisition reflects the trend of high valuations in sports teams, with notable celebrities and athletes involved in ownership.
Analyst Views on BCE
Wall Street analysts forecast BCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BCE is 26.09 USD with a low forecast of 21.00 USD and a high forecast of 30.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
4 Hold
2 Sell
Moderate Buy
Current: 24.710
Low
21.00
Averages
26.09
High
30.23
Current: 24.710
Low
21.00
Averages
26.09
High
30.23
About BCE
BCE Inc. is a Canada-based communications company. The Company provides advanced Bell broadband Internet, wireless, television (TV), media and business communications services. The Company operates through two segments: Bell Communication and Technology Services (Bell CTS) and Bell Media. The Bell CTS segment includes providing a range of communication products and services to consumers, businesses and government customers across Canada; wireless products and services; wireline products and services, and its wholesale business. Its brands include Bell, Bell MTS, Bell Aliant, Virgin Plus, Fibe, Lucky Mobile and Northwestel. The Bell Media segment is a media and entertainment company with a portfolio of assets in video, audio and OOH advertising, and digital media, monetized through traditional and digital platforms. The Company also serves customers in the United States Pacific Northwest through Ziply Fiber.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
