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Analysts Conflicted on These Communication Services Names: Sinch AB (OtherCLCMF), Lumen Technologies (LUMN) and BCE (BCE)

Tipranks - Tipranks - Sat May 9, 9:00PM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Sinch AB (CLCMF), Lumen Technologies (LUMN) and BCE (BCE).

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Sinch AB (CLCMF)

Kepler Capital analyst Erik Sandstedt maintained a Buy rating on Sinch AB on May 7 and set a price target of SEK31.00. The company’s shares closed last Friday at $4.20.

Sandstedt has an average return of 23.0% when recommending Sinch AB. ;'>

According to TipRanks.com, Sandstedt is ranked #5595 out of 12242 analysts.

Sinch AB has an analyst consensus of Hold, with a price target consensus of $2.80.

See the top stocks recommended by analysts >>

Lumen Technologies (LUMN)

RBC Capital analyst Jonathan Atkin maintained a Hold rating on Lumen Technologies yesterday and set a price target of $9.00. The company’s shares closed last Friday at $8.48.

According to TipRanks.com, Atkin is ranked #521 out of 12242 analysts.

Currently, the analyst consensus on Lumen Technologies is a Hold with an average price target of $8.00, which is a -6.4% downside from current levels. In a report issued on May 6, Raymond James also maintained a Hold rating on the stock.

BCE (BCE)

RBC Capital analyst Drew Mcreynolds maintained a Buy rating on BCE yesterday and set a price target of C$39.00. The company’s shares closed last Friday at $24.14, close to its 52-week low of $21.87.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 4.8% and a 54.3% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and WildBrain. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BCE with a $28.19 average price target, implying a 15.0% upside from current levels. In a report issued on May 7, BMO Capital also maintained a Buy rating on the stock with a C$37.00 price target.

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