BCE Inc (BCE) Stock Could Soon Reward Patient Investors

BCE Inc (NYSE: BCE) is -4.70% lower on its value in year-to-date trading and has touched a low of $36.15 and a high of $48.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BCE stock was last observed hovering at around $37.95 in the last trading session, with the day’s loss setting it -0.42%.

Currently trading at $37.53, the stock is -7.35% and -6.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.83 million and changing -1.11% at the moment leaves the stock -10.21% off its SMA200. BCE registered -17.68% loss for a year compared to 6-month loss of -11.28%. The firm has a 50-day simple moving average (SMA 50) of $2.53 and a 200-day simple moving average (SMA200) of $6.43.

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The stock witnessed a -8.24% gain in the last 1 month and extending the period to 3 months gives it a -2.87%, and is -5.11% 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 2.07% over the week and 1.69% over the month.

BCE Inc (BCE) has around Mar 14 2024 employees, a market worth around $34.24B and $18.28B in sales. Current P/E ratio is 22.25 and Fwd P/E is 15.86. Profit margin for the company is 8.42%. Distance from 52-week low is 3.82% and -22.43% from its 52-week high. The company has generated returns on investments over the last 12 months (3.95%).

BCE Inc quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $4.56B over the same period.The EPS is expected to shrink by -4.48% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 1.10% in year-over-year returns.

BCE Inc (BCE) Top Institutional Holders

838 institutions hold shares in BCE Inc (BCE), with institutional investors hold 46.44% of the company’s shares. The shares outstanding are 912.30M, and float is at 911.78M with Short Float at 0.97%. Institutions hold 46.42% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 57.01 million shares valued at $2.6 billion. The investor’s holdings represent 6.25% of the BCE Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 33.09 million shares valued at $1.51 billion to account for 3.63% of the shares outstanding. The other top investors are National Bank of Canada/FI which holds 15.71 million shares representing 1.72% and valued at over $599.73 million, while Cibc World Markets, Inc. holds 1.60% of the shares totaling 14.57 million with a market value of $664.38 million.

BCE Inc (BCE): Who are the competitors?

The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 22.75% up over the past 12 months. Rogers Communications Inc. Cl B (RCI) that is -6.44% lower over the same period.