BCE Inc. (BCE) Hits A Home Run: Let’s Look Forward

The stock of BCE Inc. (NYSE:BCE) has been Downgraded to Neutral from Overweight by JP Morgan in its latest research note that was published on July 08. TD Securities analysts bumped their recommendation on BCE stock from Hold to Buy in a separate flash note to investors on June 18. Analysts at Desjardins downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to May 03.

BCE Inc., which has current market capitalization of above $44 Billion, published its last quarter earnings on June 30, 2019.

BCE surged by $0.41 during the normal trading session on Thursday and reaching a high of $48.84 during the day while it closed the day at $48.67. The BCE stock had a low trading volume of 0.90 million shares on that day, which is low compared to the average daily volume of 876.08M shares. BCE has also gained 1.71% of its value over the past 7 days. However, the stock has surged by 8.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.14% while it has added 23.12% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.35% from its 3 months high price. However, taking another look at BCE will indicate that it is trading +10.36% away from its 90-day low. Looking at the bigger picture, the BCE Inc. stock has dropped by -0.35% from its 52-week high while it has surged by +25.6% from its 52-week low price.

BCE has around 818 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $16 Trillion. The BCE stock is bringing in revenue of over 12 months, which is roughly 4 Trillion. Despite all that, BCE Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -1.12%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 95.74%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 93.91%. Over the past 20 days, BCE’s Stochastic %K stood at 94.27% while its Stochastic %D was revealed to be 95.17%.