As this happened, CIBC upgraded its BCE Inc [BCE] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Market perform”. Argus also remained covering BCE and has decreased its forecast on March 04, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Securities revised its rating on February 02, 2024. It rated BCE as “a Hold” which previously was an “a Buy”.
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Price Performance Review of BCE
On Tuesday, BCE Inc [NYSE:BCE] saw its stock fall -0.06% to $33.51. Over the last five days, the stock has lost -3.79%. BCE Inc shares have fallen nearly -14.91% since the year began. Nevertheless, the stocks have fallen -10.21% over the past one year. While a 52-week high of $41.77 was reached on 01/22/24, a 52-week low of $31.12 was recorded on 07/02/24. SMA at 50 days reached $34.77, while 200 days put it at $35.22.
Levels Of Support And Resistance For BCE Stock
The 24-hour chart illustrates a support level at 33.29, which if violated will result in even more drops to 33.06. On the upside, there is a resistance level at 33.67. A further resistance level may holdings at 33.82. The Relative Strength Index (RSI) on the 14-day chart is 33.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.10%. Stochastics %K at 6.85% indicates the stock is a buying.
How much short interest is there in BCE Inc?
A steep rise in short interest was recorded in BCE Inc stocks on 2024-09-13, growing by 3.84 million shares to a total of 46.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 42.75 million shares. There was a rise of 8.24%, which implies that there is a positive sentiment for the stock.
