Following these proceedings, 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”.
Price Performance Review of BCE
On Tuesday, BCE Inc [NYSE:BCE] saw its stock jump 1.00% to $27.31. Over the last five days, the stock has gained 1.07%. BCE Inc shares have fallen nearly -30.65% since the year began. Nevertheless, the stocks have fallen -32.25% over the past one year. While a 52-week high of $41.77 was reached on 01/22/24, a 52-week low of $26.45 was recorded on 11/21/24. SMA at 50 days reached $30.97, while 200 days put it at $33.30.
Levels Of Support And Resistance For BCE Stock
The 24-hour chart illustrates a support level at 27.13, which if violated will result in even more drops to 26.94. On the upside, there is a resistance level at 27.47. A further resistance level may holdings at 27.63. The Relative Strength Index (RSI) on the 14-day chart is 33.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 46.17% indicates the stock is a holding.
How much short interest is there in BCE Inc?
A steep rise in short interest was recorded in BCE Inc stocks on 2024-11-15, growing by 9.61 million shares to a total of 52.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.87 million shares. There was a rise of 18.32%, which implies that there is a positive sentiment for the stock.
