In the latest trading session,, 1.23 million BCE Inc (NYSE:BCE) shares changed hands as the company’s beta touched 0.66. With the company’s most recent per share price at $22.69 changing hands around $0.59 or 2.67% at last look, the market valuation stands at $20.92B. BCE’s current price is a discount, trading about -59.41% off its 52-week high of $36.17. The share price had its 52-week low at $20.28, which suggests the last value was 10.62% up since then. When we look at BCE Inc’s average trading volume, we note the 10-day average is 2.8 million shares, with the 3-month average coming to 3.34 million.
Analysts gave the BCE Inc (BCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended BCE as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. BCE Inc’s EPS for the current quarter is expected to be 0.71.
BCE Inc (NYSE:BCE) trade information
Instantly BCE is in green as seen in intraday trades today. With action 3.42%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -2.11%, with the 5-day performance at 3.42% in the green. However, in the 30-day time frame, BCE Inc (NYSE:BCE) is -0.09% down. Looking at the short shares, we see there were 50.5 million shares sold at short interest cover period of 15.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 49.77, meaning bulls need an upside of 54.41% from its recent market value. According to analyst projections, BCE’s forecast low is 47 with 53.31508451 as the target high. To hit the forecast high, the stock’s price needs a -134.97% plunge from its current level, while the stock would need to soar -107.14% for it to hit the projected low.
BCE Inc (BCE) estimates and forecasts
Year-over-year growth is forecast to reach -0.90% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 5.91B. 7 analysts are of the opinion that BCE Inc’s revenue for the current quarter will be 5.92B. The company’s revenue for the corresponding quarters a year ago was 6B and 5.97B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.52%. The estimates for the next quarter sales put growth at -0.81%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -44.80%. The 2025 estimates are for BCE Inc earnings to decrease by -6.57%, but the outlook for the next 5-year period is at -2.49% per year.
BCE Dividends
BCE Inc is expected to release its next quarterly earnings report on 2025-May-07. The 12.57% annual yield figure for the share gives it an annual dividend of 2.85. It is important to note, however, that the 12.57% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 7.07 per year.
BCE Inc (NYSE:BCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.03% of BCE Inc shares while 45.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.66%. There are 45.65% institutions holding the BCE Inc stock share, with ROYAL BANK OF CANADA the top institutional holder. As of 2024-06-30, the company held 5.4778% of the shares, roughly 49.97 million BCE shares worth $1.62 billion.
BANK OF MONTREAL /CAN/ holds the second largest percentage of outstanding shares, with 4.1135% or 37.53 million shares worth $1.24 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund and VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund . With 4.25 shares estimated at $96.82 million under it, the former controlled 0.46% of total outstanding shares. On the other hand, VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund held about 0.29% of the shares, roughly 2.68 shares worth around $60.96 million.
