BCE stock: buy or sell?

BCE stock price: $38.41 -1.61% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

Shares of BCE depreciated a rough -1.61% and closed at $38.41. On Monday BCE collapsed a hair-raising -12.33%. On Wednesday BCE rocketed a super good 6.98%.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada.

Should I buy BCE stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with BCE stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BCE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is BCE stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for BCE stock for the last month.

BCE stock analysis

Daily outlook

BCE shares depreciated -1.61% to $38.41 yesterday.

BCE depreciated a rough -1.61% and closed at $38.41. On Feb 19th, BCE hit a new all time high, pushing higher than on Feb 18th tops. Check different trading setups that use ATHs as triggers.

BCE stock chart (daily)

Weekly outlook

After sliding a scary -13.29% in a week last week, BCE closed this week at $38.41 and climbed an amazing 6.99%.

Once BCE shares failed to resist above the support, it inevitably fell deeper. Not so far away is the last all-time high BCE marked by mid February, but since then it dropped a 20.74%. Since price and 40-weeks moving average lines crossed down early March, BCE fell $-7.36 per share (-16.08%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

BCE stock chart (weekly)

BCE stock price history

BCE stock went public on November 15th, 1982 with a price of $0.001. Since then, BCE stock surged a inf%, with an average of inf% per year. If you had invested right after BCE's IPO a $1,000 in BCE stock in 1982, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

BCE stock historical price chart

BCE stock reached all-time highs on Feb 19th with a price of $48.46.

BCE stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price target for BCE stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, BCE was in line with the forecasts of the experts and posted an EPS of $0.67 per share. As soon as we get its actual EPS from the earnings report, we will update this review.
BCE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.86n/a
2017-Q2-n/a0.89n/a
2017-Q3-n/a0.9n/a
2017-Q4-n/an/an/a
2018-Q12018-05-030.640.63-1.6%
2018-Q22018-08-020.670.65-3.0%
2018-Q32018-11-010.710.744.2%
2018-Q42019-02-070.660.671.5%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a fine growth of 3.30% to $23,468.00 M dollars. On the other hand, its earnings margin (compared to revenues) remained steady to 12.48%, that is $2,929.00 million.

BCE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$20,400 M-$2,110 M10.3%-
2014$18,107 M-11.24%$2,151 M11.9%1.96%
2015$21,514 M18.82%$2,678 M12.4%24.48%
2016$21,719 M0.95%$3,031 M14.0%13.18%
2017$22,719 M4.60%$2,914 M12.8%-3.86%
2018$23,468 M3.30%$2,929 M12.5%0.51%

Quarterly financial results

BCE posted $6,215.00 million in sales for 2018-Q4, a 5.75% improvement compared to previous quarter. Reported quarter income marked $643.00 M with a profit margin of 10.35%. Profit margin decreased a -4.12% compared to previous quarter when profit margin was 14.46%. When comparing turnover to same quarter last year, BCE sales marked an astounding increase and rocketed a 30.31%. Looking back to recent quarterly results, BCE posted 5 positive quarters in a row.
BCE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$5,380 M-$710 M13.2%-
2017-Q2$5,700 M5.95%$794 M13.9%11.83%
2017-Q3$4,577 M-19.70%$646 M14.1%-18.68%
2017-Q4$4,769 M4.20%$485 M10.2%-24.88%
2018-Q1$5,590 M17.20%$697 M12.5%43.70%
2018-Q2$5,786 M3.51%$739 M12.8%6.03%
2018-Q3$5,877 M1.57%$850 M14.5%15.02%
2018-Q4$6,215 M5.75%$643 M10.3%-24.35%

BCE ownership

When you are planning to invest in a company, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For BCE, 0.03% of all outstanding shares are owned by its staff.

In case of BCE stock, 50.59% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BCE stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

BCE
Market cap$34.7 B
Total shares903.9 M
Float shares903.8 M
  - Institutional holdings (%)50.6%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

BCE summary

Friday, March 27th, 2020
Open$38.05
Close$38.41
Day range$37.70 - $39.57
Previous close$39.04
Session gain-1.61%
Average true range$3.33
50d mov avg$44.13
100d mov avg$45.19
200d mov avg$45.13
Daily patternlt03a
Weekly pattern lt06c

BCE performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose as the bechmarking frame for BCE stock.
Stock3m6m12m
BCE -15.73%-18.01%-7.91%

BCE competitors

Unfortunately, we could not find any public company that could be defined as BCE competitor. This doesn't mean BCE does not have any competitor in the market, it's just we could not detected it.

    Latest BCE stock news