BCE (TSE:BCE) Share Price Crosses Above 200-Day Moving Average of $60.90

BCE Inc. (TSE:BCE) (NYSE:BCE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.90 and traded as high as $64.47. BCE shares last traded at $64.36, with a volume of 768,678 shares trading hands.

BCE has been the subject of a number of recent analyst reports. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$60.00 to C$67.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. cut BCE from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$63.00 to C$60.00 in a research report on Monday, July 8th. Royal Bank of Canada upped their price target on BCE from C$61.00 to C$62.00 in a research report on Friday, August 2nd. TD Securities upped their price target on BCE from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, CIBC upped their price target on BCE from C$59.00 to C$60.00 in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$62.73.

The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 135.01. The business has a 50-day moving average price of C$62.94 and a 200 day moving average price of C$60.90. The stock has a market cap of $57.74 billion and a PE ratio of 19.74.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.90 by C$0.04. The firm had revenue of C$5.93 billion for the quarter, compared to analysts’ expectations of C$5.89 billion. On average, equities analysts predict that BCE Inc. will post 3.7117429 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.793 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from BCE’s previous quarterly dividend of $0.79. BCE’s dividend payout ratio is currently 95.23%.

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 in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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