Time To Buy BCE Inc (NYSE:BCE), Goldman Sachs Confirms


How Goldman Sachs Currently Rates BCE Inc (NYSE:BCE)

Goldman Sachs have started its coverage on BCE Inc (NYSE:BCE), today Friday, 4 December. The Investment firm finds the stock of BCE Inc (NYSE:BCE) attractive and has given it Buy rating.

From a total of 10 analysts covering BCE Inc. (NYSE:BCE) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $46.44 while the lowest target price is $41.95. The mean of all analyst targets is $44.19 with a 13.71% above today’s ($42.8) stock price. BCE Inc. was the topic of 7 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. National Bank Canada maintained shares on November 6 with “Sector Perform” rating. Macquarie Research downgraded BCE stock in a recent report from October 27 to “Underperform” rating.

Approximately 162,741 shares of stock traded hands. BCE Inc. (USA) (NYSE:BCE) has declined 3.74% since May 1, 2015 and is downtrending. It has underperformed by 0.96% the S&P500.

Time To Buy BCE Inc (NYSE:BCE), Goldman Sachs Confirms

BCE Inc. is a communications company. The company has a market cap of $36.24 billion. The Firm provides residential, business and wholesale clients with a range of solutions to all their communications needs, including wireless, high-speed Internet, Internet protocol television and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services. It has 18.75 P/E ratio. The Company’s divisions include Bell Wireless, Bell Wireline and Bell Media.

According to Zacks Investment Research, “BCE, Inc. is Canada’s largest communications company. Through their operations in communications services, they provide residence and business customers in Canada with wireline and wireless communications products and applications, satellite communications and direct-to-home television services, systems integration expertise, electronic commerce solutions, Internet access and high-speed data services, and directories. Their shares are listed in Canada, the United States and Europe. BCE Inc. is headquartered in Montreal, Canada.” Get a free copy of the Zacks research report on BCE Inc. (USA) (BCE).