Analyst Price Target Update on BCE (NYSE:BCE)

BCE (NYSE:BCE) should head towards $46.98 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $41 per share. The higher price estimate target is at $56 according to the Analysts.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup downgrades its ratings on BCE (NYSE:BCE). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.

BCE (NYSE:BCE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.7016 points or 1.51% at $45.69 with 814,592 shares getting traded. Post opening the session at $46.04, the shares hit an intraday low of $45.63 and an intraday high of $46.37 and the price was in this range throughout the day. The company has a market cap of $39,687 million and the number of outstanding shares have been calculated to be 868,624,250 shares. The 52-week high of BCE (NYSE:BCE) is $47.85 and the 52-week low is $31.49.

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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