Barclays lowered the firm’s price target on BCE to $38 from $40 and keeps an Equal Weight rating on the shares. BCE’s negative free cash flow guidance and Telus’ expected average revenue per user declines indicate the current competitive cycle is likely to sustain throughout the year, the analyst tells investors in a research note.
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Read More on BCE:
- BCE price target lowered to C$57 from C$59 at RBC Capital
- BCE price target lowered to C$54 from C$60 at BMO Capital
- BCE price target lowered to C$55 from C$58 at National Bank
- BCE price target lowered to C$51 from C$55 at TD Securities
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