Desjardins Sticks to Their Hold Rating for BCE Inc. (BCE)


BCE Inc. (TSX: BCE), the Technology company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from Desjardins’ analyst Maher Yaghi, with a C$60.75 price target.

Yaghi has an average return of 1.4% when recommending BCE Inc..

According to TipRanks.com, Yaghi is ranked #1077 out of 4848 analysts.

Read also: SNAP Earnings Preview: Wedbush Trims Estimates, Reiterates Neutral on the Stock

Currently, the analyst consensus on BCE Inc. is a Hold with an average price target of C$58.63, which is an 8.3% 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$48.62B 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.

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