BCE (BCE) Receives Price Target

BCE (BCE) : The highest level BCE (BCE) is projected to reach is $52 for the short term and the lowest estimate is at $41. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $47.45 and the possibility the share price can swing is $3.54.

BCE (BCE) : Zacks Investment Research ranks BCE (BCE) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3, which indicates as a Hold.


Also, Citigroup maintains its rating on BCE (NYSE:BCE). The global brokerage major raises the current price target from $62 per share to $63 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 19, 2016.

BCE (NYSE:BCE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.62 and $46.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.89, notching a gain of 0.41% for the day. The total traded volume was 677,114 . The stock had closed at $46.70 on the previous day.

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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