BCE stock: buy or sell?
August 23rd, 2019
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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define 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.
Currently, 2 buy setups work for BCE stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is BCE stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 7 ratings published for BCE stock in the last month. The general sentiment of these ratings is bullish for BCE stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-2||BMO Capital Markets||n/a||Average|
|2019-7-8||JPMorgan Chase & Co.||Overweight||Neutral|
|2019-4-5||BMO Capital Markets||n/a||Average|
|2019-1-4||National Bank Financial||Outperform||Sector Perform|
BCE stock analysis
After marking all time highs on Monday, BCE declined -0.84% today to $46.19.
BCE declined -0.84% to $46.19 after topping to all time highs on Monday. From a daily perspective, BCE is in a short term uptrend after plotting its last bottom ($45.17, on Aug 7th) higher than the previous bottom, and its last top ($46.90, on Monday) also over the previous top. Now trading in between its last bottom and last top BCE might consolidate in a plain range, waiting to break out over $46.90 or down under $45.17. On Monday, BCE hit a new all time high, pushing higher than on August 16th tops. Check different trading setups that use ATHs as triggers. Since August/1 when BCE stock price broke up the SMA50d line, it gained $1.08 (2.39%).
BCE closed this week at $46.19 after topping to a new all time high ($46.90) even it couldn't close with gains and declined a bad -1.18%.
Weekly chart tells us that price is in a simple uptrend, tested $44.85 level and now climbing back aiming its last top at $46.68. Since price and SMA40w lines crossed up early January, BCE climbed $7.69 (19.97%). Late December 2018, SMA20w and SMA40w crossed up triggering a rise of 19.69%.
BCE stock price history
BCE IPO was on November 15th, 1982 at $0.17 per share1. Since then, BCE stock surged a 27,070.60%, with a yearly average of 752.00%. If you had invested right after BCE's IPO a $1,000 in BCE stock in 1982, it would worth $270,706.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BCE stock historical price chart
BCE stock reached all-time highs on Monday with a price of $46.90.
BCE stock price target is $61.70Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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 found 3 price predictions for BCE stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-2||BMO Capital Markets||Reiterates||n/a||$63.00||-|
|2019-7-8||JPMorgan Chase & Co.||Downgrades||n/a||$60.00||-|
|2019-4-5||BMO Capital Markets||Reiterates||n/a||$62.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when BCE published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a decent gain of 3.30% to $23,468.00 M USD. On the other hand, its income margin (compared to revenues) remained stable to 12.48%, that is $2,929.00 million.
|2013||$20,400 M||-||$2,110 M10.3%||-|
|2014||$18,107 M||-11.24%||$2,151 M11.9%||1.96%|
|2015||$21,514 M||18.82%||$2,678 M12.4%||24.48%|
|2016||$21,719 M||0.95%||$3,031 M14.0%||13.18%|
|2017||$22,719 M||4.60%||$2,914 M12.8%||-3.86%|
|2018||$23,468 M||3.30%||$2,929 M12.5%||0.51%|
Quarterly financial resultsBCE posted $6,215.00 million in sales for 2018-Q4, a 5.75% improvement compared to previous quarter. Reported quarter earnings marked $643.00 million 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 revenues to same quarter last year, BCE sales marked a super good increase and skyrocketed a 30.31%. Looking back to recent quarterly results, BCE posted 5 positive quarters in a row.
|2017-Q1||$5,380 M||-||$710 M13.2%||-|
|2017-Q2||$5,700 M||5.95%||$794 M13.9%||11.83%|
|2017-Q3||$4,577 M||-19.70%||$646 M14.1%||-18.68%|
|2017-Q4||$4,769 M||4.20%||$485 M10.2%||-24.88%|
|2018-Q1||$5,590 M||17.20%||$697 M12.5%||43.70%|
|2018-Q2||$5,786 M||3.51%||$739 M12.8%||6.03%|
|2018-Q3||$5,877 M||1.57%||$850 M14.5%||15.02%|
|2018-Q4||$6,215 M||5.75%||$643 M10.3%||-24.35%|
BCE ownershipWhen you are planning to buy shares of a stock, it's worth to overview its ownership structure.
BCE shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.03% of all shares.
In case of BCE stock, 47.50% 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 context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$41.5 B||$977.3 B||$19.5 B||$20.2 B||$27.0 B|
|Total shares||898.8 M||4,600.0 M||1,980.0 M||402.4 M||4,000.0 M|
|Float shares||899.5 M||4,260.0 M||1,590.0 M||364.4 M||635.0 M|
|- Institutional holdings (%)||47.5%||61.0%||0.9%||0.0%||15.1%|
|- Insider holdings (%)||0.0%||0.1%||0.0%||0.0%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$46.05 - $46.70|
|Average true range||$0.54|
|50d mov avg||$45.90|
|100d mov avg||$45.14|
|200d mov avg||$43.10|
BCE performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We chose Apple, BT, Rogers Communication, Sprint, Shaw Communications and TELUS as the bechmarking frame for BCE stock.
BCE competitorsWe picked a few stocks to conform a list of BCE competitors to examine if you are interested in investing in BCE:
Latest BCE stock news
- Seeking AlphaBCE Inc. - A High-Quality Way To Play Canadian TelecomMay 13, 2019
- Seeking AlphaBCE: An Undervalued Dividend Growth Story With A 5.6% Yield And 14% UpsideSeptember 18, 2018