BCE Inc. (NYSE:BCE) Stock Update: CIBC Upgrade and Institutional Movements

Core Viewpoint - BCE Inc. has received a positive outlook following an upgrade from CIBC, despite mixed actions from institutional investors [1][5]. Group 1: Stock Performance and Market Position - BCE's stock is currently priced at $23.34, reflecting a slight decrease of approximately 0.90% or $0.211 [4]. - The stock has fluctuated between $23.15 and $23.59 on the day, with a one-year high of $27.28 and a low of $20.28 [4]. - BCE's market capitalization is approximately $21.57 billion, with a trading volume of 2,849,599 shares [4]. Group 2: Institutional Investor Actions - CIBC upgraded BCE's stock from Neutral to Outperform, indicating a positive future outlook [1][5]. - The Bank of Nova Scotia reduced its stake in BCE by 8.9%, selling 1,640,322 shares, leaving it with 16,784,340 shares valued at $372 million [2]. - Caisse DE Depot ET Placement DU Quebec increased its stake in BCE by 36.1%, acquiring an additional 6,697,900 shares, bringing its total to 25,249,300 shares valued at $579 million [3]. - Vanguard Group Inc. also raised its position in BCE by 1.4% during the same period [3].