BCE Inc (NYSE: BCE) is 3.28% higher on its value in year-to-date trading and has touched a low of $22.18 and a high of $41.77 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 $23.82 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $23.94, the stock is -0.78% and -10.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.68 million and changing 0.50% at the moment leaves the stock -25.18% off its SMA200. BCE registered -41.11% loss for a year compared to 6-month loss of -24.55%. The firm has a 50-day simple moving average (SMA 50) of $26.998 and a 200-day simple moving average (SMA200) of $32.04835.
The stock witnessed a -10.80% gain in the last 1 month and extending the period to 3 months gives it a -28.98%, and is 5.65% 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 2.52% over the week and 2.22% over the month.
BCE Inc (BCE) has around 45132 employees, a market worth around $21.84B and $17.98B in sales. Current P/E ratio is 340.54 and Fwd P/E is 11.89. Profit margin for the company is 0.36%. Distance from 52-week low is 7.94% and -42.69% 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 -11.66% this year.
BCE Inc (BCE) Top Institutional Holders
760.0 institutions hold shares in BCE Inc (BCE), with institutional investors hold 43.42% of the company’s shares. The shares outstanding are 912.28M, and float is at 911.76M with Short Float at 4.70%. Institutions hold 43.41% 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
#####
