TD Securities Upgrades BCE Inc. to a Buy Rating from a Hold

Analysts cut target forecasts on BCE Inc.

Analyst Ratings Coverage

TD Securities(Rank#14) issued a research report on BCE Inc. on Wednesday Jan 3rd, and upgraded the stock to a “Buy” from a “Hold” rating. TD also maintained the 12 month target of $57 per share.

STA Research(Rank#21) maintained the “Buy” rating on the stock, with a 12 month target forecast of $57 per share.
Buy

BCE Stock Forecast & Analysis

BCE Inc (BCE): Analyst Target Price and Ratings:

  1. Average Analyst Target Price: Based on the forecast from 14 analysts, the average target price for BCE Inc over the next 12 months is estimated to be CAD 59.08. This target price reflects the consensus view among financial analysts regarding the expected valuation of BCE Inc in the coming year.
  2. Average Analyst Rating: The average analyst rating for BCE Inc is reported as “Buy.” This indicates that, on average, analysts covering BCE Inc have a positive outlook on the stock and recommend buying it. The “Buy” rating suggests that analysts believe BCE Inc has growth potential and is a favorable investment.
  3. Stock Target Advisor’s Analysis: Stock Target Advisor’s own analysis of BCE Inc’s stock indicates a “Neutral” stance. This assessment is based on evaluating 6 positive signals and 6 negative signals. The neutral rating suggests that while there are both positive and negative indicators, there isn’t a clear directional bias in the stock’s outlook according to this analysis.
  4. Last Closing Stock Price: At the last closing, BCE Inc’s stock price was CAD 53.82. This represents the most recent valuation of the stock in the market.
  5. Stock Price Performance: BCE Inc’s stock price has experienced changes over different time frames. Over the past week, the stock price increased by +4.69%, indicating short-term positive momentum. However, over the past month, it decreased by -1.05%, suggesting a slight decline. Over the last year, the stock has seen a decrease of -9.53%, indicating a negative trend in its long-term performance.

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