CIBC Asset Management Inc’s holdings in BCE were worth $275,557,000 as of its most recent SEC filing. Great West Life Assurance Co.
CAPROCK Group Inc. increased its position in BCE, Inc. Wellington Management Group LLP now owns 13,247,536 shares of the utilities provider’s stock worth $584,936,000 after buying an additional 244,009 shares during the last quarter. Camarda Financial Advisors LLC increased its position in shares of BCE by 0.5% in the second quarter. Bank of America Corp DE now owns 6,384,703 shares of the utilities provider’s stock worth $282,651,000 after buying an additional 1,311,603 shares in the last quarter. FMR LLC raised its position in shares of BCE by 3.6% in the first quarter. FMR LLC now owns 12,274,108 shares of the utilities provider’s stock valued at $543,445,000 after buying an additional 424,228 shares in the last quarter. Round Table Services LLC purchased a new position in BCE during the first quarter worth $215,000. Hanson & Doremus Investment Management now owns 9,376 shares of the utilities provider’s stock valued at $422,000 after buying an additional 395 shares during the period. Vanguard Group Inc. now owns 6,839,144 shares of the utilities provider’s stock valued at $302,769,000 after buying an additional 564,047 shares in the last quarter. Hedge funds and other institutional investors own 44.00% of the company’s stock. TD Securities reaffirmed a “hold” rating and set a C$59.00 price target on shares of BCE in a report on Monday, April 24th.
Shares of BCE (NYSE:BCE) opened at 47.21 on Monday.
Profit at the company declined by 2.3 per cent in the period to $762-million, which BCE attributed to higher depreciation and amortization expenses related to its acquisition of Manitoba Telecom Services Inc. The company has a 50 day moving average price of $45.55 and a 200 day moving average price of $44.82. The firm has a market capitalization of $52.86 billion and a PE ratio of 17.86. “(BCE)” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and republished in violation of USA and global trademark and copyright law. The original version of this story can be viewed at https://transcriptdaily.com/2017/08/03/caprock-group-inc-boosts-stake-in-bce-inc-nysebce.html.
Several analysts have recently weighed in on the company.
Several equities research analysts have issued reports on BCE shares. Scotiabank increased their price target on BCE from C$60.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, April 21st. They issued a “hold” rating on the stock. Citigroup Inc. increased their price target on BCE from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Canaccord Genuity set a $60.00 target price on BCE and gave the stock a “hold” rating in a research note on Tuesday, May 16th.
The company, popularly known as Bell, added 88,611 net postpaid wireless subscribers in the second quarter, and the average monthly bill for its wireless customers rose 4.6 percent to C$67.28.
While wireless powers BCE’s overall growth, the company still gets more revenue from selling fixed-line internet, television and telephone services, and it is investing heavily in network upgrades to compete with cable rivals Rogers Communications Inc and Quebecor Inc’s Videotron.
Canada’s largest communications company said Thursday it added 88,611 new contract wireless customers in the second quarter, outpacing analyst estimates in the range of 70,000.
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