BCE (TSE:BCE) Stock Rating Upgraded by TD Securities

BCE (TSE:BCE) (NYSE:BCE) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a C$37.00 price target on the stock, up from their prior price target of C$35.00. TD Securities’ price target would suggest a potential upside of 11.18% from the company’s previous close.

Several other brokerages also recently issued reports on BCE. National Bankshares set a C$35.00 target price on BCE and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Cibc World Mkts lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. CIBC increased their price objective on shares of BCE from C$35.00 to C$36.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Desjardins increased their price objective on shares of BCE from C$40.50 to C$41.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets cut their price objective on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating for the company in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$36.17.

BCE Price Performance

TSE:BCE opened at C$33.28 on Wednesday. The business’s 50-day simple moving average is C$33.47 and its two-hundred day simple moving average is C$31.79. BCE has a 52 week low of C$28.73 and a 52 week high of C$46.59. The stock has a market cap of C$30.68 billion, a PE ratio of 72.35, a P/E/G ratio of 4.67 and a beta of 0.57. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.