BCE Inc (BCE): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.8%. By the end of trading, BCE rose 55 cents (1.4%) to $39.89 on average volume. Throughout the day, 640,302 shares of BCE exchanged hands as compared to its average daily volume of 596,300 shares. The stock ranged in a price between $39.24-$40.08 after having opened the day at $39.49 as compared to the previous trading day's close of $39.34. Other companies within the Telecommunications industry that increased today were:
(
), up 29.3%,
(
), up 23.6%,
(
), up 14.1%, and
TheStreet Recommends
(
), up 12%.
BCE Inc. provides wire line, wireless, Internet, and television (TV) services to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $30.73 billion and is part of the
sector. The company has a P/E ratio of 13.6, above the average telecommunications industry P/E ratio of 13.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate BCE a buy, no analysts rate it a sell, and 10 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, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full BCE Ratings Report.
On the negative front,
(
), down 9.1%,
(
), down 6.8%,
(
), down 6.7%, and
(
), down 6.6%, were all losers within the telecommunications industry with
(
) being today's telecommunications industry loser.
- 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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