BCE stock: buy or sell?

BCE stock price: $46.19 -0.84% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

After reaching all time highs on Monday, BCE declined -0.84% today to $46.19.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
Is BCE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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

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 stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $61.70

Predicting 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:
BCE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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$61.700.0%
The price prediction for BCE stock is $61.70, moving in a range between $63.00 and $60.00. In average, analysts' outlook on BCE price target 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 . Unfortunately, reported EPS is not yet available in our database.
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 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.

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 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.
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 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:

BCEAAPLBTRCIS
Market cap$41.5 B$977.3 B$19.5 B$20.2 B$27.0 B
Total shares898.8 M4,600.0 M1,980.0 M402.4 M4,000.0 M
Float shares899.5 M4,260.0 M1,590.0 M364.4 M635.0 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 selling0.0%0.0%0.0%0.0%0.0%

BCE summary

Friday, August 23rd, 2019
Open$46.59
Close$46.19
Day range$46.05 - $46.70
Previous close$46.58
Session gain-0.84%
Average true range$0.54
50d mov avg$45.90
100d mov avg$45.14
200d mov avg$43.10
Daily patternlt06a
Weekly pattern lb01a

BCE performance

To 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.
Stock3m6m12m
BCE 3.70%8.33%20.95%
AAPLApple19.17%23.78%-0.19%
BT -17.71%-30.58%-26.33%
RCIRogers Communicat...-4.70%-8.81%-1.49%
SSprint-5.87%4.66%10.86%
SJRShaw Communicatio...-4.38%-4.81%-1.64%
TUTELUS-3.17%2.20%1.88%

BCE competitors

We 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