BCE Stock Buy Hold or Sell Recommendation

BCE
 Stock
  

USD 46.66  0.04  0.09%   

Considering the 90-day investment horizon and your bold attitude towards risk, our recommendation regarding BCE Inc is 'Strong Buy'. Macroaxis provides BCE buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BCE positions. The advice algorithm takes into account all of BCE's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from BCE's buy-and-hold perspective. Continue to BCE Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as BCE and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards BCE Inc.

Execute BCE Buy or Sell Advice

The BCE recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on BCE Inc. Macroaxis does not own or have any residual interests in BCE Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute BCE's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell BCEBuy BCE
Strong Buy

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon BCE Inc has a Risk Adjusted Performance of 0.0023, Jensen Alpha of (0.07), Total Risk Alpha of (0.09), Sortino Ratio of (0.048419) and Treynor Ratio of (0.009373)
Our investment recommendation tool can be used to complement BCE trade advice provided by experts. It analyzes the company's potential to grow against your specific risk preferences and investment horizon. To make sure BCE is not overpriced, please confirm all BCE Inc fundamentals, including its operating margin, shares owned by institutions, price to sales, as well as the relationship between the shares outstanding and price to earning . Given that BCE Inc has a price to book of 3.08 X, we suggest you to validate BCE Inc market performance and probability of bankruptcy to ensure the company can sustain itself in the coming quarters given your prevailing risk tolerance and investing horizon.

BCE Trading Alerts and Improvement Suggestions

BCE Inc generated a negative expected return over the last 90 days
The company has 27.05 B in debt with debt to equity (D/E) ratio of 1.37, which is OK given its current industry classification. BCE Inc has a current ratio of 0.59, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist BCE until it has trouble settling it off, either with new capital or with free cash flow. So, BCE's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like BCE Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BCE to invest in growth at high rates of return. When we think about BCE's use of debt, we should always consider it together with cash and equity.
BCE Inc has a strong financial position based on the latest SEC filings
Latest headline from news.google.com: Better Buy BCE Stock or Enbridge - The Motley Fool Canada

BCE Returns Distribution Density

The distribution of BCE's historical returns is an attempt to chart the uncertainty of BCE's future price movements. The chart of the probability distribution of BCE stock daily returns describes the distribution of returns around its average expected value. We use BCE Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of BCE returns is essential to provide solid investment advice for BCE.
Mean Return0.001271Value At Risk-2.27
Potential Upside2.58Standard Deviation1.70
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of BCE historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

BCE Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as BCE is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading BCE Inc backward and forwards among themselves. BCE's institutional investor refers to the entity that pools money to purchase BCE's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares38.6 K1.6 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares38.4 K1.9 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares43 K2.4 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares40.2 K2.1 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares98.3 K4.9 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares68.1 K3.4 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares52.9 K2.4 M
Note, although BCE's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

BCE Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(4.03 B)(3.97 B)(3.97 B)(4.2 B)(4.84 B)(5.22 B)
Depreciation Amortization and Accretion3.84 B4.01 B4.34 B4.4 B4.61 B4.62 B
Net Cash Flow or Change in Cash and Cash Equivalents503 M(161 M)(17 M)(284 M)83 M(17.45 M)
Net Cash Flow Business Acquisitions and Disposals(1.65 B)(395 M)(51 M)(65 M)(12 M)(12.95 M)
Issuance Purchase of Equity Shares(107 M)(386 M)98 M(237 M)(36 M)(36.95 M)
Issuance Repayment of Debt Securities691 M158 M(1.21 B)(638 M)2.44 B2.63 B
Payment of Dividends and Other Cash Distributions(2.51 B)(2.68 B)(2.82 B)(2.98 B)(3.13 B)(3.38 B)
Net Cash Flow from Financing(2.15 B)(3.2 B)(4.2 B)(4.13 B)(1.02 B)(1.1 B)
Net Cash Flow from Investing(5.44 B)(4.39 B)(4.04 B)(3.54 B)(7 B)(7.56 B)
Net Cash Flow from Operations7.36 B7.38 B7.96 B7.75 B8.01 B8.14 B

BCE Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to BCE or Diversified Telecommunication Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that BCE's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a BCE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.07
β
Beta against NYSE Composite0.93
σ
Overall volatility
1.71
Ir
Information ratio -0.05

BCE Volatility Alert

BCE Inc has relatively low volatility with skewness of 0.36 and kurtosis of 1.57. However, we advise all investors to independently investigate BCE Inc to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure BCE's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact BCE's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

BCE Fundamentals Vs Peers

Comparing BCE's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze BCE's direct or indirect competition across all of the common fundamentals between BCE and the related equities. This way, we can detect undervalued stocks with similar characteristics as BCE or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of BCE's fundamental indicators could also be used in its relative valuation, which is a method of valuing BCE by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare BCE to competition
FundamentalsBCEPeer Average
Return On Equity0.13 %(0.31) %
Return On Asset0.05 %(0.14) %
Profit Margin0.12 %(1.27) %
Operating Margin0.23 %(5.51) %
Current Valuation68.95 B16.62 B
Shares Outstanding911.9 M571.82 M
Shares Owned by Insiders0.02 %10.09 %
Shares Owned by Institutions48.01 %39.21 %
Number of Shares Shorted13.69 M4.71 M
Price to Earning20.70 X28.72 X
Price to Book3.08 X9.51 X
Price to Sales1.78 X11.42 X
Revenue23.45 B9.43 B
Gross Profit10.09 B27.38 B
EBITDA9.6 B3.9 B
Net Income2.84 B570.98 M
Cash and Equivalents733 M2.7 B
Cash per Share0.80 X5.01 X
Total Debt27.05 B5.32 B
Debt to Equity1.37 %48.70 %
Current Ratio0.60 X2.16 X
Book Value Per Share20.57 X1.93 K
Cash Flow from Operations8.01 B971.22 M
Short Ratio8.74 X4.00 X
Earnings Per Share2.27 X3.12 X
Price to Earnings To Growth2.49 X4.89 X
Target Price48.62
Number of Employees49.78 K18.84 K
Beta0.45-0.15
Market Capitalization42.69 B19.03 B
Total Asset66.73 B29.47 B
Retained Earnings(5 B)9.33 B
Working Capital(5.18 B)1.48 B

BCE Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as BCE . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About BCE Buy or Sell Advice

When is the right time to buy or sell BCE Inc? Buying financial instruments such as BCE Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Current Assets5.52 B5.69 B6.2 B6.27 B
Total Assets60.15 B60.66 B66.76 B65.25 B

Use Investing Ideas to Build Portfolios

In addition to having BCE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Compulsion Thematic Idea Now

Compulsion
Compulsion Theme
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Compulsion Theme or any other thematic opportunities.
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Continue to BCE Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the BCE Inc information on this page should be used as a complementary analysis to other BCE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for BCE Stock analysis

When running BCE Inc price analysis, check to measure BCE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BCE is operating at the current time. Most of BCE's value examination focuses on studying past and present price action to predict the probability of BCE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BCE's price. Additionally, you may evaluate how the addition of BCE to your portfolios can decrease your overall portfolio volatility.
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Is BCE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BCE. If investors know BCE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BCE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.06) 
Market Capitalization
42.7 B
Quarterly Revenue Growth YOY
0.032
Return On Assets
0.0511
Return On Equity
0.1298
The market value of BCE Inc is measured differently than its book value, which is the value of BCE that is recorded on the company's balance sheet. Investors also form their own opinion of BCE's value that differs from its market value or its book value, called intrinsic value, which is BCE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BCE's market value can be influenced by many factors that don't directly affect BCE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BCE's value and its price as these two are different measures arrived at by different means. Investors typically determine BCE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BCE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.