** TD Securities upgrades telecom services provider BCE Inc to “buy” from “hold”, citing recent weakness in stock
** Rival Rogers Communications announced earlier this month that it would launch unlimited wireless data plans ; BCE’s Bell Mobility followed suit
** Shares of BCE have fallen ~4% since Rogers’ announcement on June 12
** Brokerage says near-term uncertainty about average revenue per user (ARPU) is more than offset by mid-to-long term benefits of customers using more data
** The timing is right for unlimited data in Canada - Brokerage
** 7 of 19 brokerages rate the stock “buy” or higher, 10 “hold” and 2 “sell”; median PT is C$61
** Upto Monday’s close, stock had risen ~10% this year (Reporting by Debroop Roy in Bengaluru)
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