BCE Inc [BCE] Stock trading around $32.94 per share: What’s Next?

BCE Inc [NYSE: BCE] plunged by -$0.86 during the normal trading session on while it closed the day at $32.94. The company report on March 28, 2024 at 7:00 AM that BCE Q1 2024 results to be announced May 2.

BCE Inc. (TSX: BCE) (NYSE: BCE) will hold its first-quarter 2024 results conference call with the financial community on Thursday, May 2, 2024 at 8:00 am eastern.

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Participants will include Mirko Bibic, President and Chief Executive Officer, and Curtis Millen, Chief Financial Officer. Media are welcome to participate on a listen-only basis.

BCE Inc stock has also loss -2.60% of its value over the past 7 days. However, BCE stock has declined by -16.35% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.70% and lost -16.35% year-on date.

The market cap for BCE stock reached $30.05 billion, with 912.27 million shares outstanding and 911.65 million shares in the current float. Compared to the average trading volume of 2.57M shares, BCE reached a trading volume of 4189346 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about BCE Inc [BCE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BCE shares is $39.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BCE stock is a recommendation set at 2.72. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for BCE Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on Apr-03-24. The new note on the price target was released on March 04, 2024, representing the official price target for BCE Inc stock.

The Average True Range (ATR) for BCE Inc is set at 0.64, with the Price to Sales ratio for BCE stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 2.39, with the Price to Cash per share for the same quarter was set at 1.47. Price to Free Cash Flow for BCE in the course of the last twelve months was 12.16 with Quick ratio for the last quarter at 0.56.

BCE stock trade performance evaluation

BCE Inc [BCE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.60. With this latest performance, BCE shares dropped by -10.92% in over the last four-week period, additionally sinking by -13.70% over the last 6 months – not to mention a drop of -26.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BCE stock in for the last two-week period is set at 24.73, with the RSI for the last a single of trading hit 22.07, and the three-weeks RSI is set at 27.47 for BCE Inc [BCE]. The present Moving Average for the last 50 days of trading for this stock 37.12, while it was recorded at 33.77 for the last single week of trading, and 39.85 for the last 200 days.

BCE Inc [BCE]: An insightful look at the core fundamentals

BCE Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 0.60.

Earnings per share (EPS) analysis for BCE Inc [BCE] stock

With the latest financial reports released by the company, BCE Inc posted 0.64/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BCE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BCE Inc go to 2.30%.

BCE Inc [BCE]: Institutional Ownership

The top three institutional holders of BCE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BCE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BCE stock with ownership which is approximately 5.8386%.