BCE Reaches New 52-Week High (BCE)

NEW YORK ( TheStreet) -- BCE (NYSE: BCE) hit a new 52-week high Friday as it is currently trading at $41.59, above its previous 52-week high of $41.19 with 295,568 shares traded as of 12:54 p.m. ET. Average volume has been 643,300 shares over the past 30 days.

BCE has a market cap of $31.58 billion and is part of the technology sector and telecommunications industry. Shares are up 14.5% year to date as of the close of trading on Thursday.

BCE Inc., a communications company, provides wireline voice and wireless communications services, Internet access, data services, and video services to residential, business, and wholesale customers in Canada. The company has a P/E ratio of 15.3, above the average telecommunications industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. 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.

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