Could BCE Inc. Change Direction After Today’s Huge Decline?

 Could BCE Inc. Change Direction After Today's Huge Decline?

The stock of BCE Inc. (TSE:BCE) is a huge mover today! About 460,646 shares traded hands. BCE Inc. (TSE:BCE) has risen 2.75% since March 28, 2016 and is uptrending. It has underperformed by 0.27% the S&P500.
The move comes after 5 months negative chart setup for the $52.62 billion company. It was reported on Nov, 1 by Barchart.com. We have $56.60 PT which if reached, will make TSE:BCE worth $3.16 billion less.

BCE Inc. (TSE:BCE) Ratings Coverage

Out of 8 analysts covering BCE Inc. (TSE:BCE), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. $68 is the highest target while $47 is the lowest. The $58.19 average target is -3.35% below today’s ($60.21) stock price. BCE Inc. has been the topic of 22 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, November 6 by National Bank Canada. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, December 17 report. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, June 9. As per Friday, August 7, the company rating was maintained by Scotia Capital. The stock has “Underperform” rating given by Macquarie Research on Tuesday, October 27. Barclays Capital maintained BCE Inc. (TSE:BCE) rating on Friday, August 28. Barclays Capital has “Outperform” rating and $47 price target. The firm has “Hold” rating by Desjardins Securities given on Friday, July 24. The company was maintained on Friday, April 29 by RBC Capital Markets. Barclays Capital maintained the stock with “Overweight” rating in Monday, August 3 report. As per Friday, December 4, the company rating was initiated by Goldman Sachs.

More recent BCE Inc. (TSE:BCE) news were published by: Fool.ca which released: “Retirees: Is RioCan Real Estate Investment Trust or BCE Inc. a Better Income …” on October 29, 2016. Also Prnewswire.com published the news titled: “Research Reports Coverage on Telecom Services Stocks — Windstream, BCE Inc …” on October 19, 2016. Fool.ca‘s news article titled: “BCE Inc. or Fortis Inc.: Which Stock Is Best to Ride Out a Market Pullback?” with publication date: October 06, 2016 was also an interesting one.

BCE Inc. is a communications company. The company has a market cap of $52.62 billion. The Firm provides a range of broadband communications and content services to consumer, residential, business and government clients in Canada. It has a 19.05 P/E ratio. The Firm offers various services under the Bell and Bell Aliant brands, such as fiber Internet protocol television and high-speed Internet services, home phone and business network and communications services.

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