BCE Inc (NYSE: BCE) is -28.14% 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 $24.2 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $23.83, the stock is 0.34% and 5.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -1.53% at the moment leaves the stock -2.52% off its SMA200. BCE registered 2.80% gain for a year compared to 6-month loss of 1.27%. The firm has a 50-day simple moving average (SMA 50) of $22.6354 and a 200-day simple moving average (SMA200) of $24.4449.
The stock witnessed a 9.06% gain in the last 1 month and extending the period to 3 months gives it a 10.07%, and is -0.58% 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 1.72% over the week and 2.16% over the month.
BCE Inc (BCE) has around 40390 employees, a market worth around $21.97B and $17.49B in sales. Current P/E ratio is 86.78 and Fwd P/E is 12.50. Profit margin for the company is 1.45%. Distance from 52-week low is 17.50% and -34.12% 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 -5.44% this year.
BCE Inc (BCE) Top Institutional Holders
646.0 institutions hold shares in BCE Inc (BCE), with institutional investors hold 45.85% of the company’s shares. The shares outstanding are 921.82M, and float is at 920.85M with Short Float at 4.71%. Institutions hold 45.83% 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.
