BCE Inc (NYSE: BCE) is -32.02% lower on its value in year-to-date trading and has touched a low of $26.45 and a high of $41.77 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 $26.68 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $26.77, the stock is -7.10% and -16.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.37 million and changing 0.34% at the moment leaves the stock -20.37% off its SMA200. BCE registered -31.85% loss for a year compared to 6-month loss of -20.26%. The firm has a 50-day simple moving average (SMA 50) of $31.927 and a 200-day simple moving average (SMA200) of $33.61755.
The stock witnessed a -19.22% gain in the last 1 month and extending the period to 3 months gives it a -23.82%, and is -0.19% 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 1.78% over the week and 2.28% over the month.
BCE Inc (BCE) has around 45132 employees, a market worth around $34.25B and $17.98B in sales. Current P/E ratio is 380.80 and Fwd P/E is 12.99. Profit margin for the company is 0.36%. Distance from 52-week low is 1.21% and -35.91% from its 52-week high. The company has generated returns on investments over the last 12 months (0.17%).
The EPS is expected to shrink by -10.25% this year.
BCE Inc (BCE) Top Institutional Holders
761.0 institutions hold shares in BCE Inc (BCE), with institutional investors hold 43.24% of the company’s shares. The shares outstanding are 912.27M, and float is at 911.71M with Short Float at 4.70%. Institutions hold 43.23% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 49.97 million shares valued at $1.62 billion. The investor’s holdings represent 5.4778% of the BCE Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 37.53 million shares valued at $1.24 billion to account for 4.1135 of the shares outstanding. The other top investors are CIBC WORLD MARKET INC. which holds 22.91 million shares representing 2.5112% and valued at over $741.58 million, while FIL LTD holds 2.2781 of the shares totaling 20.78 million with a market value of $673.16 million.
BCE Inc (BCE) Insider Activity
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