Following these proceedings, BofA Securities downgraded its BCE Inc [BCE] rating to an Underperform from a a Neutral in a research note published recently. Edward Jones also remained covering BCE and has decreased its forecast on November 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on November 05, 2024. It rated BCE as “a Hold” which previously was an “a Buy”.
Price Performance Review of BCE
On Friday, BCE Inc [NYSE:BCE] saw its stock jump 1.45% to $23.15. Over the last five days, the stock has gained 0.83%. BCE Inc shares have fallen nearly -0.13% since the year began. Nevertheless, the stocks have fallen -43.97% over the past one year. While a 52-week high of $41.77 was reached on 01/07/25, a 52-week low of $21.87 was recorded on 01/14/25. SMA at 50 days reached $25.37, while 200 days put it at $31.57.
Levels Of Support And Resistance For BCE Stock
The 24-hour chart illustrates a support level at 22.95, which if violated will result in even more drops to 22.76. On the upside, there is a resistance level at 23.29. A further resistance level may holdings at 23.44. The Relative Strength Index (RSI) on the 14-day chart is 39.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.59%. Stochastics %K at 44.59% 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 2024-12-31, dropping by -7.53 million shares to a total of 41.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 48.69 million shares. There was a decline of -18.31%, which implies that there is a negative sentiment for the stock.
