Analyst Ratings Coverage
Today’s updated analyst ratings on BCE Inc:
Cormark Securities (Rank#82) has downgraded their target price for BCE Inc to CAD 68 from a previous target price. This indicates a bearish outlook for the stock.
BMO Capital Markets(Rank#9) has upgraded their target price for BCE Inc to CAD 67 from a previous target price. This indicates a bullish outlook for the stock.
STA Research (Rank#93) has maintained their “Hold” rating on BCE Inc, which suggests a neutral outlook for the stock. A “Hold” rating typically means the analyst believes the stock will perform in line with the market.
TD Securities (Rank#12) has upgraded their rating on BCE Inc to “Buy” from a previous rating. They have also set a target price of CAD 65. This indicates a bullish outlook for the stock, as they believe it is undervalued and has potential for growth.
BCE Stock Forecast & Analysis
BCE Inc. is a Canadian telecommunications company that provides various communication services to businesses and consumers across Canada.
According to the BCE Inc. stock forecast from 16 analysts, the average analyst target price for BCE Inc. is CAD 65.08 over the next 12 months. This means that analysts expect the stock to appreciate slightly from its current price of CAD 64.44. However, the target price is not significantly higher than the current market price, suggesting that analysts may have a relatively conservative outlook for BCE’s stock.
The average analyst rating for BCE Inc. is “Buy,” indicating that analysts generally have a positive outlook for the stock. This is based on the assessments of 16 different analysts who cover the stock. Analysts may be bullish on BCE’s prospects due to its strong presence in the Canadian telecommunications market and its diverse range of services, which includes wireless, internet, and television.
Stock Target Advisor’s analysis of BCE Inc. is “Slightly Bearish.” This rating is based on an algorithm that analyzes both positive and negative signals, and suggests that the stock may be overvalued or may be experiencing some downward pressure.
Looking at BCE’s recent stock performance, the stock price has changed by -1.17% over the past week, +3.42% over the past month, and -7.16% over the last year. This suggests that the stock has been relatively stable in the short term, with some modest gains over the past month. However, over the long term, the stock has experienced a decline in value.
The general overlook of all of the analyst ratings and the stock forecast for BCE Inc. suggest a mixed outlook for the stock. While the average analyst rating is positive and the target price is close to the current market price, Stock Target Advisor’s analysis suggests some downward pressure is possible.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
