BCE Inc (NYSE: BCE) is -5.05% lower on its value in year-to-date trading and has touched a low of $20.28 and a high of $36.17 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 $22.22 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $22.01, the stock is -0.13% and -4.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing -0.95% at the moment leaves the stock -22.08% off its SMA200. BCE registered -33.10% loss for a year compared to 6-month loss of -34.08%. The firm has a 50-day simple moving average (SMA 50) of $23.0018 and a 200-day simple moving average (SMA200) of $28.24565.
The stock witnessed a -2.31% gain in the last 1 month and extending the period to 3 months gives it a -5.21%, and is 1.80% 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 1.98% over the week and 2.96% over the month.
BCE Inc (BCE) has around 40390 employees, a market worth around $20.29B and $17.82B in sales. Current P/E ratio is 177.21 and Fwd P/E is 11.70. Profit margin for the company is 0.64%. Distance from 52-week low is 8.53% and -39.15% from its 52-week high. The company has generated returns on investments over the last 12 months (0.33%).
with sales reaching $5.93B over the same period.The EPS is expected to shrink by -8.21% this year, but quarterly earnings will post -0.56% year-over-year. Quarterly sales are estimated to shrink -1.40% in year-over-year returns.
666.0 institutions hold shares in BCE Inc (BCE), with institutional investors hold 41.75% of the company’s shares. The shares outstanding are 921.83M, and float is at 920.89M with Short Float at 5.74%. Institutions hold 41.74% 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.
