BCE (BCE) Shares are Up 2.29%

BCE (BCE) has been under a strong bear grip, hence the stock is down -0.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.23% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.29% in the last 1 week, and is up 0.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.85% and the 50-Day Moving Average is 3.28%. BCE (NYSE:BCE): stock turned positive on Friday. Though the stock opened at $48.79, the bulls momentum made the stock top out at $48.91 level for the day. The stock recorded a low of $48.71 and closed the trading day at $48.76, in the green by 0.12%. The total traded volume for the day was 593,945. The stock had closed at $48.7 in the previous days trading.


The company Insiders own 0.15% of BCE shares according to the proxy statements. Institutional Investors own 43.83% of BCE shares. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on BCE (NYSE:BCE). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $62 per share to $63 per share. The rating by the firm was issued on July 19, 2016.

BCE Inc. is a communications company. The Company provides residential, business and wholesale customers with a range of solutions to all their communications needs, including wireless, high-speed Internet, Internet protocol television (IPTV) and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services. The Companys segments include Bell Wireless, Bell Wireline and Bell Media. The Companys Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment, and bell direct to home (DTH) satellite television service. The Companys Bell Media segment offers specialty and pay television, radio, digital media and out-of-home advertising. The Company, through Bell media, operates approximately 110 radio stations in over 50 markets across Canada.

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