BCE Inc (NYSE: BCE) has experienced a rise in its stock price by 0.31 compared to its previous closing price of 32.75. However, the company has seen a fall of -1.23% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-22 that BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business. BCE shares have plummeted while the market has rallied, creating an attractive entry point. While BCE does face increased competition in wireless, I believe the company’s cheap valuation more than prices that in.
Is It Worth Investing in BCE Inc (NYSE: BCE) Right Now?
BCE Inc (NYSE: BCE) has a price-to-earnings ratio that is above its average at 19.48x. The stock has a 36-month beta value of 0.58. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for BCE is 911.65M, and at present, short sellers hold a 1.71% of that float. On May 01, 2024, the average trading volume of BCE was 2.77M shares.
BCE’s Market Performance
BCE’s stock has seen a -1.23% decrease for the week, with a -2.81% drop in the past month and a -19.43% fall in the past quarter. The volatility ratio for the week is 1.14%, and the volatility levels for the past 30 days are at 1.56% for BCE Inc. The simple moving average for the past 20 days is 0.34% for BCE’s stock, with a -15.06% simple moving average for the past 200 days.
BCE Trading at -4.96% from the 50-Day Moving Average
After a stumble in the market that brought BCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.10% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.14%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.82% lower at present.
During the last 5 trading sessions, BCE fell by -1.23%, which changed the moving average for the period of 200-days by -25.81% in comparison to the 20-day moving average, which settled at $32.73. In addition, BCE Inc saw -16.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BCE
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.56 for the gross margin
The net margin for BCE Inc stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 10.58, with 3.17 for asset returns.
Based on BCE Inc (BCE), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 10.42 billion with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 3.11. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To sum up, BCE Inc (BCE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
