Will Bce Incorporated (NYSE:BCE) Run Out of Steam Soon? Short Interest Is Down

December 8, 2017 - By Michael Collier

 Will Bce Incorporated (NYSE:BCE) Run Out of Steam Soon? Short Interest Is Down

The stock of Bce Incorporated (NYSE:BCE) registered a decrease of 1.95% in short interest. BCE’s total short interest was 6.14M shares in December as published by FINRA. Its down 1.95% from 6.26 million shares, reported previously. With 631,500 shares average volume, it will take short sellers 10 days to cover their BCE’s short positions.

The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.21. About 651,869 shares traded. BCE Inc. (NYSE:BCE) has declined 2.36% since December 8, 2016 and is downtrending. It has underperformed by 19.06% the S&P500.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale clients in Canada. The company has market cap of $43.78 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 18.94 P/E ratio. The Bell Wireless segment offers integrated digital wireless voice and data communications services and products.

BCE Inc. (NYSE:BCE) Ratings Coverage

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. has $63 highest and $43 lowest target. $55.17’s average target is 14.44% above currents $48.21 stock price. BCE Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital maintained BCE Inc. (NYSE:BCE) rating on Tuesday, March 21. Barclays Capital has “Overweight” rating and $47 target. The stock of BCE Inc. (NYSE:BCE) has “Underperform” rating given on Tuesday, October 27 by Macquarie Research. On Monday, January 9 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock of BCE Inc. (NYSE:BCE) has “Buy” rating given on Thursday, April 6 by Citigroup. Canaccord Genuity upgraded BCE Inc. (NYSE:BCE) on Friday, November 6 to “Buy” rating. The firm has “Sector Perform” rating by National Bank Canada given on Friday, November 6. The firm earned “Hold” rating on Friday, August 7 by Canaccord Genuity. On Friday, December 4 the stock rating was initiated by Goldman Sachs with “Buy”. Citigroup downgraded the stock to “Neutral” rating in Thursday, May 26 report. The company was reinitiated on Monday, January 4 by Credit Suisse.

More notable recent BCE Inc. (NYSE:BCE) news were published by: Fool.ca which released: “Comparing shares of Telus Corporation to BCE Inc.” on November 26, 2017, also Fool.ca with their article: “TFSA Investors: Should You Buy BCE Inc. or Shaw Communications Inc.?” published on November 27, 2017, Fool.ca published: “BCE Inc. or Canadian National Railway Company for Your Retirement Fund?” on November 30, 2017. More interesting news about BCE Inc. (NYSE:BCE) were released by: Fool.ca and their article: “Could BCE Inc. Hit $70?” published on November 16, 2017 as well as Investorplace.com‘s news article titled: “Pay Less for Inflation-Beating Gains With BCE Inc. (USA)” with publication date: December 06, 2017.

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