Desjardins Lowers BCE (BCE) to Hold
BCE (TSE:BCE) (NYSE:BCE) was downgraded by investment analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of BCE from C$65.00 to C$68.00 in a research report on Monday, November 6th. National Bank Financial upped their price objective on shares of BCE from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Barclays upped their price objective on shares of BCE from C$64.00 to C$65.00 in a research report on Friday, November 3rd. Royal Bank of Canada upped their price objective on shares of BCE from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Finally, TD Securities decreased their price objective on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. BCE currently has a consensus rating of “Buy” and an average target price of C$63.08.
Shares of BCE (TSE BCE) opened at C$57.92 on Friday. BCE has a 12-month low of C$57.20 and a 12-month high of C$63.00. The firm has a market cap of $52,150.00, a price-to-earnings ratio of 17.93 and a beta of 0.01.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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