Stock Rating Upgrade
The Value Trend Rating for BCE Inc. (NYSE: BCE) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
BCE Inc. (NYSE: BCE) stock rose modestly by 0.4% on 9/13/24. The stock closed at $35.40. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
BCE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
BCE has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BCE has a good Appreciation Score of 72 but a poor Power Rating of 25, resulting in the Neutral Value Trend Rating.
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