BCE Inc (BCE) Stock Could Soon Reward Patient Investors

BCE Inc (NYSE: BCE) is -3.41% 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 $22.80 in the last trading session, with the day’s loss setting it -0.41%.

Currently trading at $22.39, the stock is 2.09% and 2.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -1.80% at the moment leaves the stock -14.20% off its SMA200. BCE registered -34.70% loss for a year compared to 6-month loss of -13.79%.

The stock witnessed a 3.51% gain in the last 1 month and extending the period to 3 months gives it a -5.53%, and is 1.31% 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 1.69% over the week and 1.23% over the month.

BCE Inc (BCE) has around 40390 employees, a market worth around $20.64B and $17.49B in sales. Current P/E ratio is 81.54 and Fwd P/E is 11.82. Profit margin for the company is 1.45%. Distance from 52-week low is 10.40% and -38.10% from its 52-week high. The company has generated returns on investments over the last 12 months (0.71%).

The EPS is expected to shrink by -6.31% this year.

BCE Inc (BCE) Top Institutional Holders

The shares outstanding are 921.82M, and float is at 920.85M with Short Float at 5.56%.

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.