Canaccord Genuity Keeps a Buy Rating on BCE Inc. (BCE)

By Jason Carr

In a new note to investors on February 7, an analyst has provided a rating update for the Technology company, BCE Inc. (BCEResearch Report). On February 7, analyst Aravinda Galappatthige gave a Buy rating to BCE and set a C$59 price target.

According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of -0.1% and a 55.6% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and DHX Media.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BCE Inc. with a C$60 average price target, implying a 4.6% upside from current levels. In a report issued on February 8, Scotiabank also reiterated a Buy rating on the stock with a C$60 price target.

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The company has a one-year high of C$57.70 and a one-year low of C$50.72. Currently, BCE Inc. has an average volume of 1.93M.

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$57.34, close to its 52-week high of C$57.70.