The Technology company, BCE Inc. (TSX: BCE), has received a rating update from a Wall Street analyst yesterday. Analyst Jeff Fan from Scotiabank reiterated a Hold rating, with a C$58 price target.
Fan has an average return of 5.9% when recommending BCE Inc..
According to TipRanks.com, Fan is ranked #1503 out of 4853 analysts.
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The word on The Street in general, suggests a Hold analyst consensus rating for BCE Inc. with a C$58.20 average price target, implying a 7.5% upside from current levels. In a report issued on July 24, Canaccord Genuity also maintained a Hold rating on the stock with a C$56 price target.
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BCE Inc.’s market cap is currently C$48.64B and has a P/E ratio of 17.6. The company has a Price to Book ratio of 2.96.
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 business segments: Bell Wireless, Bell Wireline, and Bell Media.
The company’s shares closed on Friday at C$54.14, close to its 52-week low of C$52.90.
