RBC Capital Maintains a Hold Rating on BCE (BCE)

In a report issued on August 4, Drew Mcreynolds from RBC Capital maintained a Hold rating on BCE (BCEResearch Report), with a price target of C$68.00. The company’s shares closed last Friday at $49.27.

According to TipRanks.com, Mcreynolds is a 5-star analyst with an average return of 8.6% and a 57.1% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Rogers Communication, and Shaw Communications.

Currently, the analyst consensus on BCE is a Hold with an average price target of $52.83, a 6.7% upside from current levels. In a report issued on July 22, Canaccord Genuity also maintained a Hold rating on the stock with a C$66.00 price target.

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The company has a one-year high of $59.34 and a one-year low of $47.25. Currently, BCE has an average volume of 1.31M.

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BCE Inc., formerly Bell Canada Enterprises Inc., is Canada’s largest communications company. The company engages in providing advanced broadband communication networks, wireless, wireline, and Internet services to residential, business, and wholesale customers in the country. It also offers television (TV) services including conventional TV, specialty TV, pay TV, and streaming services, as well as digital media, radio broadcasting, out-of-home advertising services.

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