At the time of writing, BCE Inc [BCE] stock is trading at $32.40, up 0.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BCE shares have lost -1.13% over the last week, with a monthly amount drifted -4.82%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BCE Inc [NYSE: BCE] stock has seen the most recent analyst activity on April 02, 2024, when BMO Capital Markets downgraded its rating to a Market Perform. Previously, Argus downgraded its rating to Hold on March 04, 2024. On February 02, 2024, downgrade downgraded it’s rating to Hold. TD Securities upgraded its rating to a Buy. Canaccord Genuity upgraded its rating to a Buy. TD Securities downgraded its rating to Hold for this stock on September 01, 2023. In a note dated April 10, 2023, Scotiabank downgraded an Sector Perform rating on this stock.
For the past year, the stock price of BCE Inc fluctuated between $32.00 and $48.38. Currently, Wall Street analysts expect the stock to reach $49.71 within the next 12 months. BCE Inc [NYSE: BCE] shares were valued at $32.40 at the most recent close of the market. An investor can expect a potential return of 53.43% based on the average BCE price forecast.
Analyzing the BCE fundamentals
According to BCE Inc [NYSE:BCE], the company’s sales were 18.28B for trailing twelve months, which represents an 0.20% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.07 points at the first support level, and at 31.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.75, and for the 2nd resistance point, it is at 33.10.
Ratios To Look Out For
It is important to note that BCE Inc [NYSE:BCE] has a current ratio of 0.60. Further, the Quick Ratio stands at 0.56, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 19.21.
