BCE Inc (NYSE: BCE) is -29.38% 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 $22.63 in the last trading session, with the day’s gains setting it 3569977.37%.
Currently trading at $3570000.0, the stock is 3.11% and 4.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.17 million and changing 1.02% at the moment leaves the stock -9.86% off its SMA200. BCE registered -1.38% loss for a year compared to 6-month loss of 0.88%. The firm has a 50-day simple moving average (SMA 50) of $21.9286 and a 200-day simple moving average (SMA200) of $25.3605.
The stock witnessed a 2.60% gain in the last 1 month and extending the period to 3 months gives it a 0.35%, and is 4.19% 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 2.23% over the week and 1.86% over the month.
BCE Inc (BCE) has around 40390 employees, a market worth around $21.07B and $17.49B in sales. Current P/E ratio is 83.25 and Fwd P/E is 12.07. Profit margin for the company is 1.45%. Distance from 52-week low is 12.72% and -36.80% 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 -6.08% this year
652.0 institutions hold shares in BCE Inc (BCE), with institutional investors hold 45.81% of the company’s shares. The shares outstanding are 921.82M, and float is at 920.85M with Short Float at 5.50%. Institutions hold 45.80% 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.
