BCE (NYSE:BCE) (TSE:BCE)‘s stock had its “buy” rating reissued by investment analysts at Scotiabank in a research note issued on Friday, TipRanks reports.
Several other equities research analysts have also recently weighed in on BCE. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, July 30th. Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. TD Securities raised shares of BCE from a “hold” rating to a “buy” rating and set a $44.38 target price for the company in a research report on Tuesday, June 18th. Barclays reaffirmed an “average” rating and issued a $66.00 target price on shares of BCE in a research report on Sunday, May 5th. Finally, JPMorgan Chase & Co. cut shares of BCE from an “overweight” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.90.
BCE traded up $0.09 during trading on Friday, hitting $46.83. 47,012 shares of the stock traded hands, compared to its average volume of 826,725. The firm has a market capitalization of $41.78 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 4.93 and a beta of 0.41. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.53. The firm has a 50-day moving average of $45.97 and a 200 day moving average of $44.97. BCE has a 12-month low of $38.75 and a 12-month high of $47.14.
Several institutional investors have recently modified their holdings of BCE. Comerica Securities Inc. lifted its holdings in BCE by 54.0% in the 4th quarter. Comerica Securities Inc. now owns 19,361 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 6,786 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BCE by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 74,256 shares of the utilities provider’s stock valued at $2,935,000 after buying an additional 6,232 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BCE by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 487,720 shares of the utilities provider’s stock valued at $20,316,000 after buying an additional 127,060 shares in the last quarter. Pennsylvania Trust Co purchased a new position in shares of BCE during the first quarter valued at $396,000. Finally, CWM LLC grew its holdings in shares of BCE by 136.4% during the first quarter. CWM LLC now owns 71,219 shares of the utilities provider’s stock valued at $3,161,000 after buying an additional 41,097 shares in the last quarter. Institutional investors own 44.54% of the company’s stock.
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.
Featured Story: Why do analysts give a neutral rating?
Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.