BCE Price Prediction Next Week
Technical Analysis BCE's stock has shown a downward trend over the past week, with the price declining from $35.66 to $35.36 . The stock is currently forming a bearish pattern with decreasing volume, suggesting potential further downside.
News Sentiment & Analyst Ratings Recent analyst actions indicate cautious sentiment:
- RBC Capital maintained Hold rating with C$39 price target
- Canaccord raised price target to C$33.50 from C$33 while maintaining Hold
- JP Morgan downgraded to Sell
- TD Securities raised target to C$33 while maintaining Hold
Price Prediction for Next Week Based on technical indicators and analyst sentiment, BCE is expected to trade in the following range:
- Resistance: $35.85 (recent high)
- Support: $34.54 (recent low)
- Target Price: $34.00
The stock is likely to test lower levels next week due to:
- Multiple analyst downgrades and cautious ratings
- Bearish technical formation
- Potential dividend cut concerns
Recommendation: SELL
- Current price levels provide an opportunity to exit positions
- Technical indicators suggest continued downward pressure
- Analyst consensus shifting bearish with multiple Hold/Sell ratings
- Risk of dividend cut could trigger further selling pressure
The stock is expected to decline approximately 3.8% from current levels to reach $34.00 by end of next week.
BCE Similar Chart Price Prediction
The price of BCE is predicted to go up 38.78%, based on the high correlation periods with VOXX. The similarity of these two price pattern on the periods is 90.16%.
BCE
VOXX
Up: 38.78%Similarity: 90.16%
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BCE VS S&P500
The immense network improvement resulting from BCE's fiber-to-the-home buildout will lead to further wireline share gains and margin improvement.
The Canadian government's goal of significantly increasing immigration should prompt high levels of subscriber growth for all wireless incumbents.
BCE's free cash generation should have upside as it has now passed the bulk of the capital spending associated with its fiber network overhaul.
BCE Analyst's Forecast
Terence Malone
Barclays
Hold → Sell
2025-01-21
Price Target
n/a
Downside
0%
Barclays downgraded BCE to Underweight from Equal Weight with a price target of $21, down from $30. The Canadian telecom operating environment "may continue to see headwinds for a while and stretched balance sheets leave little room for error," the analyst tells investors in a research note. The firm says Bell and Telus have been forced to respond to wireless promotions but have also cut prices in wireline broadband to put pressure on Rogers and Quebecor, leading to a price war in both wireless and wireline. Barclays believes there is now the added complication of structurally lower immigration volumes, which have been a material industry growth driver.
David Joyce
Barclays
Hold
2024-11-11
Price Target
$34 → $30
Upside
+7.87%
Kannan Venkateshwar
Barclays
Hold
2024-10-09
Price Target
$35 → $34
Upside
+2.04%
