I-G Investment Management LTD Decreased Its Bce (BCE) Stake; Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) Had 1 Bulls

January 13, 2018 - By Clifton Ray

I-G Investment Management Ltd decreased Bce Inc (BCE) stake by 15.24% reported in 2017Q3 SEC filing. I-G Investment Management Ltd sold 684,555 shares as Bce Inc (BCE)’s stock declined 0.38%. The I-G Investment Management Ltd holds 3.81M shares with $178.28 million value, down from 4.49M last quarter. Bce Inc now has $42.37 billion valuation. The stock decreased 0.49% or $0.23 during the last trading session, reaching $46.45. About 727,419 shares traded or 3.88% up from the average. BCE Inc. (NYSE:BCE) has declined 2.36% since January 13, 2017 and is downtrending. It has underperformed by 19.06% the S&P500.

Among 4 analysts covering Industrial Alliance (TSE:IAG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Industrial Alliance had 43 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by TD Securities on Wednesday, June 14 to “Buy”. The stock of Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) has “Sector Perform” rating given on Wednesday, June 15 by RBC Capital Markets. The company was maintained on Wednesday, June 15 by TD Securities. Scotia Capital maintained Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) on Wednesday, June 15 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets on Thursday, December 15 with “Sector Perform”. See Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) latest ratings:

10/11/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $9.00 Target Down
01/11/2017 Broker: Credit Suisse Rating: Old Target: $57.00 New Target: $60.00 Target Up
15/09/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $8.50 Target Up
04/08/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $57.00 New Target: $58.00 Target Up
04/08/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $62.00 New Target: $61.00 Target Down

Analysts await BCE Inc. (NYSE:BCE) to report earnings on February, 1. They expect $0.58 earnings per share, up 1.75% or $0.01 from last year’s $0.57 per share. BCE’s profit will be $528.99M for 20.02 P/E if the $0.58 EPS becomes a reality. After $0.70 actual earnings per share reported by BCE Inc. for the previous quarter, Wall Street now forecasts -17.14% negative EPS growth.

I-G Investment Management Ltd increased Apple Inc (NASDAQ:AAPL) stake by 93,250 shares to 927,505 valued at $142.95 million in 2017Q3. It also upped Biogen Inc (NASDAQ:BIIB) stake by 41,497 shares and now owns 83,950 shares. Pembina Pipeline Corp (NYSE:PBA) was raised too.

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, October 27 report. As per Friday, December 4, the company rating was initiated by Goldman Sachs. The company was upgraded on Thursday, April 6 by Citigroup. The stock has “Hold” rating by Canaccord Genuity on Friday, August 7. As per Thursday, May 26, the company rating was downgraded by Citigroup. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, January 9. Citigroup maintained the shares of BCE in report on Tuesday, July 19 with “Neutral” rating. The rating was maintained by National Bank Canada on Friday, November 6 with “Sector Perform”. RBC Capital Markets upgraded the stock to “Best Ideas List” rating in Friday, October 16 report. The stock has “Neutral” rating by Credit Suisse on Monday, January 4.

The stock increased 0.10% or $0.06 during the last trading session, reaching $60.94. About 101,564 shares traded. Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) has 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

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