TD Securities Downgrades Bell Aliant to Tender (BA)
Bell Aliant (TSE:BA) was downgraded by analysts at TD Securities from a “hold” rating to a “tender” rating in a research report issued to clients and investors on Thursday. They currently have a C$31.00 price objective on the stock, up from their previous price objective of C$27.00. TD Securities’ price target would indicate a potential downside of 1.68% from the company’s current price.
A number of other firms have also recently commented on BA. Analysts at Canaccord Genuity raised their price target on shares of Bell Aliant from C$26.00 to C$31.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Bell Aliant from C$27.00 to C$31.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at National Bank Financial downgraded shares of Bell Aliant from a “sector perform” rating to a “tender” rating in a research note on Wednesday. They now have a C$31.00 price target on the stock, up previously from C$26.00. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$29.83.
Shares of Bell Aliant (TSE:BA) traded down 0.54% on Thursday, hitting $31.36. The stock had a trading volume of 3,167,537 shares. Bell Aliant has a 1-year low of $24.79 and a 1-year high of $31.78. The stock’s 50-day moving average is $28.15 and its 200-day moving average is $27.23. The company has a market cap of $7.145 billion and a P/E ratio of 25.22.
Bell Aliant (TSE:BA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. On average, analysts predict that Bell Aliant will post $1.58 earnings per share for the current fiscal year.
Bell Aliant Inc through its subsidiaries is a regional communications service provider. It offers a range of communications, information and entertainment services, including voice, television (TSE:BA) Internet, data, video, wireless, value-added business solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.