BCE stock: buy or sell?
October 18th, 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. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, BCE stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is BCE stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 10 ratings published for BCE stock in the last month. The general sentiment of these ratings is bullish for BCE stock, with 5 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-9||BMO Capital Markets||n/a||Buy|
|2019-9-9||BMO Capital Markets||n/a||n/a|
|2019-9-20||National Bank Financial||Sector Perform||Outperform|
|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
BCE stayed constant 0.00% to $48.87 after topping to all time highs on Oct 11th.
BCE stayed steady 0.00% on Oct/18 to $48.87 after marking all time highs on October 11th. On October/11, BCE hit new all time highs, pushing higher previous ATH of $49.30 recorded on October/10. New ATHs are usual entry points for many trading setups as there aren't higher resistences. On August BCE price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
After climbing for 4 weeks, this week BCE stayed constant a neutral -0.02%, closing at $48.87.
BCE stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record BCE marked last week. Since early January when SMA20w and SMA40w crossed up, BCE price gained $10.68 per share (27.97%). Since price and SMA40w lines crossed up early January, BCE climbed $10.68 (27.97%).
BCE stock price history
BCE IPO was on November 15th, 1982 at $0.00 per share1. Since then, BCE stock surged a inf%, with a yearly average of inf%. If you had invested $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 October 11th with a price of $49.58.
BCE stock price target is $62.50Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 4 price forecasts for BCE stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-9||BMO Capital Markets||Reiterates||n/a||$65.00||-|
|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 . As soon as we get its posted EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, BCE annual revenues appreciated a decent 3.30% to $23,468.00 million dollars from $22,719.00 marked in 2017. When comparing 2018 vs 2017, improving that, profit margin (that is, the net income divided by revenues) remained constant a -0.35% to 12.48%.
|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 reported $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 slightly fell a -4.12% compared to previous quarter when profit margin was 14.46%. When comparing turnover to same quarter last year, BCE sales marked a super good growth and climbed a 30.31%. Looking back to recent quarterly results, BCE posted 5 negative 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 have a look 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, 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 understanding, the following table shows ownership data compared to other related companies:
|Market cap||$44.0 B||$1,068.6 B||$19.9 B||$26.3 B||$9.8 B|
|Total shares||900.1 M||4,520.0 M||400.8 M||4,090.0 M||492.2 M|
|Float shares||899.5 M||4,260.0 M||365.7 M||636.8 M||471.3 M|
|- Institutional holdings (%)||47.5%||61.0%||0.0%||15.1%||0.0%|
|- Insider holdings (%)||0.0%||0.1%||0.0%||0.2%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$48.71 - $49.00|
|Average true range||$0.45|
|50d mov avg||$47.52|
|100d mov avg||$46.32|
|200d mov avg||$44.40|
BCE performanceTo better understand BCE performance you must becnhmark its gains with other related stocks in same sector or industry. We selected Apple, Rogers Communication, Sprint, Shaw Communications and TELUS as the bechmarking frame for BCE stock.
BCE competitorsOne check before trading any stock is to review a list of its competitors, in this case for BCE. We picked 5 companies as BCE competitors as they are in the same industry or have similar market objectives.
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