Time to Reconsider Bce Incorporated (NYSE:BCE) After Less Short Sellers?

December 22, 2017 - By Nellie Frank

 Time to Reconsider Bce Incorporated (NYSE:BCE) After Less Short Sellers?

The stock of Bce Incorporated (NYSE:BCE) registered a decrease of 7.62% in short interest. BCE’s total short interest was 5.75M shares in December as published by FINRA. Its down 7.62% from 6.23 million shares, reported previously. With 623,200 shares average volume, it will take short sellers 9 days to cover their BCE’s short positions.

The stock increased 0.49% or $0.23 during the last trading session, reaching $47.34. About 687,768 shares traded. BCE Inc. (NYSE:BCE) has declined 2.36% since December 22, 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 $43.18 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 18.85 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 16.54% above currents $47.34 stock price. BCE Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was reinitiated by Credit Suisse with “Neutral” on Monday, January 4. The stock of BCE Inc. (NYSE:BCE) has “Sector Perform” rating given on Friday, November 6 by National Bank Canada. The rating was initiated by Goldman Sachs with “Buy” on Friday, December 4. Citigroup maintained BCE Inc. (NYSE:BCE) on Tuesday, July 19 with “Neutral” rating. RBC Capital Markets upgraded the shares of BCE in report on Friday, October 16 to “Best Ideas List” rating. Barclays Capital maintained the shares of BCE in report on Tuesday, March 21 with “Overweight” rating. The firm has “Neutral” rating by Citigroup given on Thursday, May 26. The rating was upgraded by Canaccord Genuity on Friday, November 6 to “Buy”. The company was downgraded on Tuesday, October 27 by Macquarie Research. Citigroup upgraded the shares of BCE in report on Thursday, April 6 to “Buy” rating.

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 Streetinsider.com with their article: “BCE Acquisition of AlarmForce (AF) set to Close in January” published on December 21, 2017, Investorplace.com published: “Pay Less for Inflation-Beating Gains With BCE Inc. (USA)” on December 06, 2017. More interesting news about BCE Inc. (NYSE:BCE) were released by: Fool.ca and their article: “TFSA Investors: Should You Buy BCE Inc. or Shaw Communications Inc.?” published on November 27, 2017 as well as Fool.ca‘s news article titled: “BCE Inc. or Canadian National Railway Company for Your Retirement Fund?” with publication date: November 30, 2017.

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