A share price of BCE Inc [BCE] is currently trading at $35.88, up 1.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BCE shares have gain 1.87% over the last week, with a monthly amount glided 5.75%, and 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 23, 2024, when CIBC upgraded its rating to a Sector Outperform. Previously, BMO Capital Markets downgraded its rating to Market Perform on April 02, 2024. On March 04, 2024, downgrade downgraded it’s rating to Hold. TD Securities downgraded its rating to a Hold. TD Securities upgraded its rating to a Buy. Canaccord Genuity upgraded its rating to Buy for this stock on October 23, 2023. In a note dated September 01, 2023, TD Securities downgraded an Hold rating on this stock.
BCE Inc experienced fluctuations in its stock price throughout the past year between $31.12 and $41.77. Currently, Wall Street analysts expect the stock to reach $49.96 within the next 12 months. BCE Inc [NYSE: BCE] shares were valued at $35.88 at the most recent close of the market. An investor can expect a potential return of 39.24% based on the average BCE price forecast.
Analyzing the BCE fundamentals
Trailing Twelve Months sales for BCE Inc [NYSE:BCE] were 18.13B which represents -2.83% decline. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.22%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.01.
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 35.42 points at the first support level, and at 34.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.14, and for the 2nd resistance point, it is at 36.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BCE Inc [NYSE:BCE] is 0.60. Also, the Quick Ratio is 0.57, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 2.78 and price to earnings (TTM) ratio is 22.60.
