BCE Inc. (NYSE: BCE) is 2.53% higher on its value in year-to-date trading and has touched a low of $39.88 and a high of $55.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BCE stock was last observed hovering at around $45.87 in the last trading session, with the day’s loss setting it -0.81% off its average median price target of $47.84 for the next 12 months. It is also 14.02% off the consensus price target high of $52.41 offered by 18 analysts, but current levels are 2.8% higher than the price target low of $46.36 for the same period.
Currently trading at $45.06, the stock is -5.09% and -3.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing -1.77% at the moment leaves the stock -2.21% off its SMA200. BCE registered -15.57% loss for a year compared to 6-month loss of -4.90%. The firm has a 50-day simple moving average (SMA 50) of $2.90 and a 200-day simple moving average (SMA200) of $7.30.
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The stock witnessed a -4.61% gain in the last 1 month and extending the period to 3 months gives it a 1.37%, and is -3.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.21% over the week and 1.13% over the month.
BCE Inc. (BCE) has around 44610 employees, a market worth around $40.95B and $18.06B in sales. Current P/E ratio is 21.64 and Fwd P/E is 13.47. Profit margin for the company is 10.50%. Distance from 52-week low is 12.99% and -18.27% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
BCE Inc. (BCE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BCE Inc. (BCE) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.70, where 13 rate it as a Hold and 2 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
BCE Inc. is expected to release its quarterly report on 08/03/2023.The EPS is expected to shrink by -0.30% this year
BCE Inc. (BCE) Top Institutional Holders
The shares outstanding are 912.10M, and float is at 911.74M with Short Float at 1.45%.
BCE Inc. (BCE): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 23.25% up over the past 12 months and Rogers Communications Inc. (RCI) that is -10.66% lower over the same period. TELUS Corporation (TU) is -21.23% down on the 1-year trading charts.