BCE (BCE) Stock Rating Reaffirmed by Echelon Wealth Partners

BCE (TSE:BCE) (NYSE:BCE)‘s stock had its “hold” rating restated by analysts at Echelon Wealth Partners in a research note issued to investors on Friday.

A number of other brokerages also recently issued reports on BCE. TD Securities lifted their price target on BCE from C$56.00 to C$58.00 and gave the stock a “hold” rating in a report on Friday. Cormark lifted their price target on BCE from C$59.00 to C$61.00 in a report on Friday. Royal Bank of Canada lifted their target price on BCE from C$59.00 to C$60.00 in a research report on Friday. JPMorgan Chase & Co. lifted their target price on BCE from C$59.00 to C$62.00 in a research report on Monday. Finally, Morgan Stanley lifted their target price on BCE from C$59.00 to C$60.00 in a research report on Thursday, November 29th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. BCE currently has an average rating of “Hold” and a consensus target price of C$59.65.

Shares of TSE BCE opened at C$57.00 on Friday. The stock has a market cap of $51.49 billion and a price-to-earnings ratio of 18.39. The company has a quick ratio of 0.42, a current ratio of 0.56 and a debt-to-equity ratio of 117.96. BCE has a 1 year low of C$50.72 and a 1 year high of C$57.70.

In other news, Director Michael Cole sold 75,850 shares of BCE stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of C$56.78, for a total transaction of C$4,306,763.00. Also, insider Glen Leblanc sold 7,471 shares of BCE stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of C$57.00, for a total value of C$425,847.00. Insiders have sold 85,821 shares of company stock worth $4,779,285 in the last quarter.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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