BCE (BCE) Upgraded at Desjardins
BCE (NYSE:BCE) (TSE:BCE) was upgraded by stock analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday. Scotiabank upgraded BCE from a “sector perform” rating to a “buy” rating in a research report on Wednesday, October 10th. Finally, Edward Jones upgraded BCE from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $54.40.
Shares of BCE traded up $0.23 during mid-day trading on Thursday, hitting $40.09. 24,069 shares of the company traded hands, compared to its average volume of 881,030. BCE has a 1-year low of $38.88 and a 1-year high of $49.06. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.10. The company has a market cap of $36.39 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 4.33 and a beta of 0.29.
A number of hedge funds and other institutional investors have recently modified their holdings of BCE. Summit Trail Advisors LLC boosted its position in BCE by 20.7% in the first quarter. Summit Trail Advisors LLC now owns 13,256 shares of the utilities provider’s stock valued at $170,000 after buying an additional 2,270 shares during the last quarter. Cerebellum GP LLC boosted its position in BCE by 171.5% in the second quarter. Cerebellum GP LLC now owns 4,268 shares of the utilities provider’s stock valued at $173,000 after buying an additional 2,696 shares during the last quarter. New England Asset Management Inc. purchased a new stake in BCE in the second quarter valued at approximately $203,000. Lenox Wealth Management Inc. boosted its position in BCE by 42.2% in the second quarter. Lenox Wealth Management Inc. now owns 4,958 shares of the utilities provider’s stock valued at $204,000 after buying an additional 1,472 shares during the last quarter. Finally, Checchi Capital Advisers LLC purchased a new stake in BCE in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.
BCE Company Profile
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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