Should Investors Trust The Upside Potential In BCE Inc (BCE)?

BCE Inc (NYSE:BCE) currently has a daily average trading volume of 3.30M but it saw 7038003 shares traded in last market. With a market cap of 21.35B USD, the company’s current market price of $23.40 came falling about -0.76 while comparing to the previous closing price of $23.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.77 and as low as $23.38. In the recent trading on the day, stock has struck highest price mark of $23.035 while lowest mark touched by it was $23.6.

Taking a look at 20-day trading activity of BCE Inc (BCE) gives us an average price of $26.23, while its current price level is -43.98% below from 52-week high level whereas it is 0.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $29.04 while that of 200 days or SMA-200 reads an average of $32.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.40% during that period while stretching the period over a month that decreases to 1.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 14.31 which implies that the stock is in oversold territory.

Over the week, BCE’s stock price is moving -9.90% down while it is -14.07% when we observe its performance for the past one month. Year-to-date it is -40.58% down and over the past year, the stock is showing a downside performance of -39.30%.

Currently, BCE Inc’s total number of outstanding shares is 912.28M. Company’s return on investment (ROI) stands at 0.17% and return on equity (ROE) at 1.40%. It has a price to earnings ratio (P/E ratio) of 332.86 while having a 11.55 of forward P/E ratio. Stock’s beta reads 0.59. Stock has a price to book (P/B) ratio of 2.04 while price to sale or P/S ratio amounts to 1.19. Its return on asset (ROA) is 0.38% on average.