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BCE Stock Forecast: All the More Reason to Consider BCE Inc (BCE) Now

BCE Inc (NYSE: BCE) is -14.17% lower on its value in year-to-date trading and has touched a low of $33.54 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 $33.98 in the last trading session, with the day’s loss setting it -0.18%.

Currently trading at $33.80, the stock is -3.71% and -9.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -0.53% at the moment leaves the stock -15.44% off its SMA200. BCE registered -24.32% loss for a year compared to 6-month loss of -11.52%. The firm has a 50-day simple moving average (SMA 50) of $2.39 and a 200-day simple moving average (SMA200) of $6.07.

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The stock witnessed a -8.92% gain in the last 1 month and extending the period to 3 months gives it a -13.67%, and is 0.27% up 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 1.47% over the week and 1.55% over the month.

BCE Inc (BCE) has around 45132 employees, a market worth around $30.83B and $18.28B in sales. Current P/E ratio is 20.04 and Fwd P/E is 14.33. Profit margin for the company is 8.42%. Distance from 52-week low is 0.78% and -30.14% 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 $0.54 with sales reaching $4.53B over the same period.The EPS is expected to shrink by -4.81% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to grow 0.30% in year-over-year returns.

BCE Inc (BCE) Top Institutional Holders

848 institutions hold shares in BCE Inc (BCE), with institutional investors hold 45.72% of the company’s shares. The shares outstanding are 912.27M, and float is at 911.65M with Short Float at 1.77%. Institutions hold 45.71% 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.

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