Time to Reconsider Bce Incorporated (NYSE:BCE) After Less Short Sellers?

December 8, 2017 - By Peter Erickson

 Time to Reconsider Bce Incorporated (NYSE:BCE) After Less Short Sellers?

The stock of Bce Incorporated (NYSE:BCE) registered a decrease of 1.95% in short interest. BCE’s total short interest was 6.14 million shares in December as published by FINRA. Its down 1.95% from 6.26 million shares, reported previously. With 631,500 shares average volume, it will take short sellers 10 days to cover their BCE’s short positions.

The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.21. About 651,869 shares traded. BCE Inc. (NYSE:BCE) has declined 2.36% since December 8, 2016 and is downtrending. It has underperformed by 19.06% the S&P500.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale clients in Canada. The company has market cap of $43.78 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 18.94 P/E ratio. The Bell Wireless segment offers integrated digital wireless voice and data communications services and products.

BCE Inc. (NYSE:BCE) Ratings Coverage

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. has $63 highest and $43 lowest target. $55.17’s average target is 14.44% above currents $48.21 stock price. BCE Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by National Bank Canada on Friday, November 6 with “Sector Perform”. Canaccord Genuity maintained the stock with “Hold” rating in Friday, August 7 report. On Friday, December 4 the stock rating was initiated by Goldman Sachs with “Buy”. The stock has “Underperform” rating by Macquarie Research on Tuesday, October 27. The stock of BCE Inc. (NYSE:BCE) earned “Best Ideas List” rating by RBC Capital Markets on Friday, October 16. The stock has “Neutral” rating by Citigroup on Thursday, May 26. Citigroup maintained the stock with “Neutral” rating in Tuesday, July 19 report. Citigroup upgraded BCE Inc. (NYSE:BCE) on Thursday, April 6 to “Buy” rating. Barclays Capital maintained BCE Inc. (NYSE:BCE) rating on Tuesday, March 21. Barclays Capital has “Overweight” rating and $47 target. RBC Capital Markets downgraded it to “Sector Perform” rating and $60 target in Monday, January 9 report.

More notable recent BCE Inc. (NYSE:BCE) news were published by: Fool.ca which released: “Is BCE Inc. Still an Attractive Holding?” on November 29, 2017, also Fool.ca with their article: “Could BCE Inc. Hit $70?” published on November 16, 2017, Fool.ca published: “BCE Inc. or Canadian National Railway Company for Your Retirement Fund?” on November 30, 2017. More interesting news about BCE Inc. (NYSE:BCE) were released by: Fool.ca and their article: “TFSA Investors: Should You Buy BCE Inc. or Shaw Communications Inc.?” published on November 27, 2017 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy TransCanada Corporation or BCE Inc.?” with publication date: November 15, 2017.

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