BCE Stock Summary and Trading Ideas (Bce | NYSE:BCE)

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.

Bce trades on the NYSE stock market under the symbol BCE.

As of April 18, 2024, BCE stock price declined to $32.21 with 1,253,461 million shares trading.

BCE has a beta of 0.64, meaning it tends to be less sensitive to market movements. BCE has a correlation of 0.18 to the broad based SPY ETF.

BCE has a market cap of $29.37 billion. This is considered a Large Cap stock.

Last quarter Bce reported $5 billion in Revenue and $.56 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.02.

In the last 3 years, BCE stock traded as high as $59.34 and as low as $31.82.

The top ETF exchange traded funds that BCE belongs to (by Net Assets): FVD, TDIV, KOMP, DFAI, DFIC.

BCE has underperformed the market in the last year with a price return of -25.8% while the SPY ETF gained +22.2%. BCE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.0% and -2.9%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

BCE support price is $31.85 and resistance is $32.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BCE stock will trade within this expected range on the day.