BCE (TSE:BCE) Shares Cross Above 200 Day Moving Average of $56.20

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$56.20 and traded as high as C$59.72. BCE shares last traded at C$59.49, with a volume of 2,481,304 shares changing hands.

A number of research firms recently issued reports on BCE. BMO Capital Markets dropped their price objective on BCE from C$61.50 to C$59.50 in a report on Friday, February 5th. Morgan Stanley boosted their price objective on BCE from C$55.00 to C$58.00 and gave the company an “equal weight” rating in a report on Friday, March 5th. JPMorgan Chase & Co. lowered their target price on BCE from C$61.00 to C$60.00 in a report on Monday, January 25th. Royal Bank of Canada upped their target price on BCE from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Monday, May 3rd. Finally, TD Securities upped their target price on BCE from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$60.28.

The stock has a market capitalization of C$53.11 billion and a P/E ratio of 21.61. The company has a current ratio of 0.83, a quick ratio of 0.67 and a debt-to-equity ratio of 128.55. The company has a 50-day moving average price of C$57.99 and a 200 day moving average price of C$56.22.

BCE Company Profile (TSE:BCE)

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services.

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