In the meantime, Edward Jones downgraded its BCE Inc [BCE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. CIBC also remained covering BCE and has increased its forecast on April 23, 2024 with a “Sector outperform” recommendation from previously “Neutral” rating. BMO Capital Markets revised its rating on April 02, 2024. It rated BCE as “a Market perform” which previously was an “an Outperform”.
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Price Performance Review of BCE
On Tuesday, BCE Inc [NYSE:BCE] saw its stock fall -0.96% to $28.84. Over the last five days, the stock has lost -11.15%. BCE Inc shares have fallen nearly -26.76% since the year began. Nevertheless, the stocks have fallen -27.68% over the past one year. While a 52-week high of $41.77 was reached on 01/22/24, a 52-week low of $28.82 was recorded on 11/05/24. SMA at 50 days reached $34.00, while 200 days put it at $34.44.
Levels Of Support And Resistance For BCE Stock
The 24-hour chart illustrates a support level at 28.47, which if violated will result in even more drops to 28.10. On the upside, there is a resistance level at 29.38. A further resistance level may holdings at 29.92. The Relative Strength Index (RSI) on the 14-day chart is 12.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.09%. Stochastics %K at 7.17% 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 2024-10-15, dropping by -3.73 million shares to a total of 42.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 46.6 million shares. There was a decline of -8.7%, which implies that there is a negative sentiment for the stock.
