Brokerage Firm Rating Update on BCE (BCE)

BCE (BCE) : 8 analysts are covering BCE (BCE) and their average rating on the stock is 3.25, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

BCE (BCE) stock is expected to deviate a maximum of $3.54 from the average target price of $47.45 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $41.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its view on BCE (NYSE:BCE) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $62 per share to $63 per share on BCE . The rating by the firm was issued on July 19, 2016.

BCE (NYSE:BCE): stock was range-bound between the intraday low of $47.59 and the intraday high of $48.2 after having opened at $48.15 on Wednesdays session. The stock finally closed in the red at $48.15, a loss of -0.69%. The stock remained in the red for the whole trading day. The total traded volume was 615,420 shares. The stock failed to cross $48.2 in Wednesdays trading. The stocks closing price on Thursday was $48.07.

BCE Inc. is a communications company. The Company provides residential, business and wholesale customers with a range of solutions to all their communications needs, including wireless, high-speed Internet, Internet protocol television (IPTV) and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services. The Companys segments include Bell Wireless, Bell Wireline and Bell Media. The Companys Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment, and bell direct to home (DTH) satellite television service. The Companys Bell Media segment offers specialty and pay television, radio, digital media and out-of-home advertising. The Company, through Bell media, operates approximately 110 radio stations in over 50 markets across Canada.

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