BCE Inc (BCE): Today's Featured Telecommunications Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.9%. By the end of trading, BCE fell $0.86 (-2.1%) to $40.91 on average volume. Throughout the day, 1,165,346 shares of BCE exchanged hands as compared to its average daily volume of 855,700 shares. The stock ranged in price between $40.71-$41.86 after having opened the day at $41.75 as compared to the previous trading day's close of $41.77. Other companies within the Telecommunications industry that declined today were:
(
), down 5.3%,
(
), down 4.5%,
(
), down 3.8% and
(
), down 3.7%.
BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $32.5 billion and is part of the technology sector. Shares are down 2.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
BCE
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full BCE Ratings Report.
On the positive front,
Alaska Communications Systems Group
(
), up 31.1%,
(
), up 15.0%,
(
), up 12.7% and
Partner Communications Company
(
), up 9.9% , were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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