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

Key Points

• TD Securities upgraded BCE's stock rating from "hold" to "buy," raising the price target from C$35.00 to C$37.00, indicating a potential upside of 11.75% from its previous close.
• Scotiabank and Royal Bank of Canada also adjusted their price targets for BCE, with Scotiabank increasing its target to C$41.50, while RBC raised theirs to C$47.00.
• BCE's stock performance shows volatility, with a twelve-month low of C$28.73 and a high of C$46.62, currently trading at C$33.11.

BCE (TSE:BCE - Get Free Report) NYSE: BCE was upgraded by equities research analysts at TD Securities from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a C$37.00 price objective on the stock, up from their previous price objective of C$35.00. TD Securities' price objective would suggest a potential upside of 11.75% from the company's previous close.

A number of other brokerages also recently commented on BCE. Scotiabank raised their target price on shares of BCE from C$39.50 to C$41.50 and gave the company an "outperform" rating in a research note on Monday, September 8th. BMO Capital Markets decreased their price target 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. Cibc World Mkts downgraded shares of BCE from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. National Bankshares set a C$35.00 target price on shares of BCE and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada raised shares of BCE from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$35.00 to C$47.00 in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$36.17.

BCE Price Performance

Shares of BCE stock traded up C$0.36 during trading hours on Wednesday, hitting C$33.11. The company's stock had a trading volume of 4,791,173 shares, compared to its average volume of 3,693,308. BCE has a twelve month low of C$28.73 and a twelve month high of C$46.62. The business has a fifty day moving average of C$33.44 and a 200-day moving average of C$31.78. The stock has a market cap of C$30.52 billion, a price-to-earnings ratio of 71.98, a P/E/G ratio of 4.67 and a beta of 0.57. The company has a current ratio of 0.62, a quick ratio of 0.43 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.

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