StockNews.com’s team of financial analysts provided coverage of BCE (NYSE: BCE) as part of the report for investors that was published on Thursday.
Investors received the report that was prepared (TSE: BCE).
The organization recommended to shareholders that they keep their current “hold” position in the stock of the utility provider.
On Thursday, the stock of BCE was introduced to the market for $43.41 per share.
The company’s market value is $39.59 billion; it has a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 5.08, and a beta value of 0.60, all of which indicate that it is an excellent investment opportunity.
In addition, the company has a price-to-earnings-growth ratio of 5.08, which is an excellent value. Over the last year, BCE reached an all-time high of $59.34, while it hit an all-time low of $39.88.
The price of the company’s stock is currently trading at a moving average of $45.46 for the past 50 days and a moving average of $45.49 for the past 200 days. Currently, the debt-to-equity ratio stands at 1.49, the quick ratio at 0.51, and the current ratio at 0.57.
In addition, BCE has been the focus of research conducted and written about by several other analysts.
In a research report released on Monday, January 9, Barclays lowered their rating on BCE shares from “overweight” to “equal weight” and decreased their price target for the stock from $48.00 to $47,000.
Both of these changes were made. National Bank Financial downgraded its recommendation on BCE in a research note released on January 12.
The firm went from recommending that the company “outperform market weight” to recommending that the company “sector perform market weight.” The Canadian Imperial Bank of Commerce (CIBC) announced on January 12, in a research note published on January 12 that it would be increasing its price target for BCE shares from $62.00 to $64.00.
TD Securities announced in a research note released on Friday, February 3, that they would decrease their target price on BCE shares from C$65.00 to C$64.00.
An announcement was made about BCE’s stock.
Last but not least, in a research note published on Friday, February 3, BMO Capital Markets stated that they would no longer have a target price of C$66.00 for BCE shares and instead will have a target price of C$64.00.
The stock has received an average recommendation of two buy ratings and four hold ratings from the research analysts.
The data from Bloomberg indicates that BCE’s current consensus price target is $63.18.
The “Hold” recommendation constitutes the majority of the available options.
Several hedge funds’ BCE stock holdings have undergone recent modifications during the most recent period.
During the first three months of 2018, the Caisse de Depot et Placement du Quebec achieved a 53.5% increase in the proportion of BCE stock that it owns.
The Caisse de Depot et Placement du Quebec currently holds 13,375,600 shares in the utility provider.
These shares have a value of $742,107,000.
During the relevant period, an additional 4,661,300 shares were purchased, which enabled this goal to be accomplished.
During the fourth quarter, the Norges Bank increased its stake in BCE by purchasing additional shares, bringing its total investment to 117,492,000 dollars.
The total value of FMR LLC’s holdings in BCE increased by 238.7% during the second quarter. FMR LLC now has 3,153,606 shares of the utilities provider’s stock, valued at $155,016,000, after purchasing an additional 2,222,467 shares throughout the most recent period.
The Healthcare of Ontario Pension Plan Trust Fund increased the amount of BCE stock owned by 523.3 percent during the second quarter of the fiscal year.
The Healthcare of Ontario Pension Plan Trust Fund now has 1,872,022 shares of the utilities provider’s stock after purchasing an additional 1,571,662 shares during the period in question.
These shares have a current value of $92,009,000 each.
During the third quarter, the National Bank of Canada Financial Institutions boosted the amount of BCE stock that is owned by 31.2%, making this the final and most important point.
The National Bank of Canada Financial Institution now has 6,302,998 shares of the utility provider’s stock thanks to the acquisition of an additional 1,497,431 shares during the most recent quarter.
The stock is currently valued at $263,569,000. Hedge funds and other institutional investors own the company’s stock to the extent of 42.92%.
BCE, INC is a multinational conglomerate in the telecommunications and media industries.
The company serves residential, commercial, and wholesale clients through communication services.
All three categories of customers are catered to by BCE.
It does so under the auspices of three separate businesses, namely Bell Wireless, Bell Wireline, and Bell Media, each responsible for its operations.
Bell Wireless can provide its customers in the home and business markets with integrated digital wireless voice and data communications products and services.
These customers can benefit from these products and services.