BCE (NYSE:BCE – Get Rating) (TSE:BCE) was downgraded by research analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Monday, The Fly reports.
Several other equities research analysts have also issued reports on the stock. CIBC boosted their price target on shares of BCE from C$62.00 to C$64.00 in a report on Thursday, January 12th. StockNews.com began coverage on shares of BCE in a report on Thursday, March 16th. They issued a “hold” rating on the stock. TD Securities lowered their price target on shares of BCE from C$65.00 to C$64.00 in a report on Friday, February 3rd. BMO Capital Markets lowered their price target on shares of BCE from C$66.00 to C$64.00 in a report on Friday, February 3rd. Finally, Barclays lowered their price target on shares of BCE from $48.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, January 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.53.
BCE Trading Up 0.6 %
NYSE:BCE opened at $46.87 on Monday. BCE has a 12 month low of $39.88 and a 12 month high of $59.34. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 5.50 and a beta of 0.60. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.49. The company’s 50 day moving average is $44.98 and its 200-day moving average is $45.14.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BCE. American Century Companies Inc. lifted its position in BCE by 10.0% during the 1st quarter. American Century Companies Inc. now owns 4,217 shares of the utilities provider’s stock worth $234,000 after buying an additional 382 shares in the last quarter. BlackRock Inc. lifted its position in BCE by 10.1% during the 1st quarter. BlackRock Inc. now owns 555,103 shares of the utilities provider’s stock worth $30,786,000 after buying an additional 50,975 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BCE by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,908 shares of the utilities provider’s stock worth $9,479,000 after buying an additional 963 shares in the last quarter. Aviva PLC lifted its position in BCE by 30.1% during the 1st quarter. Aviva PLC now owns 117,587 shares of the utilities provider’s stock worth $6,528,000 after buying an additional 27,239 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in BCE by 7.8% during the 1st quarter. Cetera Investment Advisers now owns 36,080 shares of the utilities provider’s stock worth $2,001,000 after buying an additional 2,616 shares in the last quarter. Institutional investors and hedge funds own 42.92% of the company’s stock.
About BCE
BCE, Inc is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.
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