BCE stock: buy or sell?

BCE stock price: $48.87 0.00% At close on October 18th, 2019

Updated on:
October 18th, 2019

4

After reaching all time highs on October/11, BCE stayed steady 0.00% to $48.87.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is BCE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9BMO Capital Marketsn/aBuy
2019-9-9BMO Capital Marketsn/an/a
2019-9-20National Bank FinancialSector PerformOutperform
2019-8-20TD Securitiesn/aBuy
2019-8-2BMO Capital Marketsn/aAverage
2019-7-8JPMorgan Chase & Co.OverweightNeutral
2019-6-18TD SecuritiesHoldBuy
2019-4-5BMO Capital Marketsn/aAverage
2019-3-8ArgusHoldBuy
2019-1-4National Bank FinancialOutperformSector Perform

BCE stock analysis

Daily outlook

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.

BCE stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $62.50

Nobody 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:
BCE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9BMO Capital MarketsReiteratesn/a$65.00-
2019-8-2BMO Capital MarketsReiteratesn/a$63.00-
2019-7-8JPMorgan Chase & Co.Downgradesn/a$60.00-
2019-4-5BMO Capital MarketsReiteratesn/a$62.00-
(in average)$0.00$62.500.0%
Moving in a range from $65.00 and $60.00, the price prediction for BCE stock is $62.50. In average, analysts' outlook on BCE price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
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

In 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%.

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 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.
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 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:

BCEAAPLRCISSJR
Market cap$44.0 B$1,068.6 B$19.9 B$26.3 B$9.8 B
Total shares900.1 M4,520.0 M400.8 M4,090.0 M492.2 M
Float shares899.5 M4,260.0 M365.7 M636.8 M471.3 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 selling0.0%0.0%0.0%0.0%0.0%

BCE summary

Friday, October 18th, 2019
Open$48.82
Close$48.87
Day range$48.71 - $49.00
Previous close$48.87
Session gain0.00%
Average true range$0.45
50d mov avg$47.52
100d mov avg$46.32
200d mov avg$44.40
Daily pattern
Weekly pattern lt06a

BCE performance

To 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.
Stock3m6m12m
BCE 8.46%10.29%27.46%
AAPLApple17.14%16.86%9.47%
RCIRogers Communicat...-5.90%-1.68%0.34%
SSprint-7.63%11.27%-0.62%
SJRShaw Communicatio...3.52%0.30%8.88%
TUTELUS-0.47%-0.41%9.59%

BCE competitors

One 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