BCE (TSE:BCE) Stock Crosses Above 200-Day Moving Average – Here’s Why

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.17 and traded as high as C$32.47. BCE shares last traded at C$32.37, with a volume of 3,090,559 shares.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BMO Capital Markets reduced their price target on shares of BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a report on Tuesday, August 5th. Desjardins lifted their price objective on BCE from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. CIBC increased their target price on BCE from C$36.00 to C$37.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Scotiabank raised their price target on BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a research report on Monday, September 8th. Finally, TD Securities cut their price target on BCE from C$39.00 to C$38.00 and set a “buy” rating for the company in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, BCE has a consensus rating of “Hold” and a consensus price target of C$36.23.

BCE Trading Up 0.9%

The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. The stock has a market capitalization of C$29.84 billion, a price-to-earnings ratio of 4.86, a price-to-earnings-growth ratio of 4.67 and a beta of 0.52. The business has a 50 day simple moving average of C$32.58 and a 200-day simple moving average of C$32.17.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$4.84 EPS for the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. The company had revenue of C$6.05 billion during the quarter. On average, equities analysts predict that BCE Inc. will post 3.1120864 earnings per share for the current year.

BCE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. BCE’s dividend payout ratio (DPR) is currently 43.09%.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.