BCE (TSE:BCE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

BCE Inc. (TSE:BCE) (NYSE:BCE)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.40 and traded as high as C$35.79. BCE shares last traded at C$35.54, with a volume of 2,936,834 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BCE shares. National Bank Financial lifted their target price on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, February 6th. TD Securities increased their price target on shares of BCE from C$40.00 to C$41.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Royal Bank Of Canada raised their price objective on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Scotiabank lifted their price objective on BCE from C$39.50 to C$41.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Barclays upgraded BCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$37.70.

BCE Stock Up 0.6%

The company has a debt-to-equity ratio of 179.16, a quick ratio of 0.43 and a current ratio of 0.58. The company has a market capitalization of C$33.14 billion, a PE ratio of 5.23, a price-to-earnings-growth ratio of 4.67 and a beta of 0.38. The firm’s 50-day simple moving average is C$35.03 and its 200 day simple moving average is C$33.40.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Friday, March 6th. The company reported C$0.69 earnings per share (EPS) for the quarter. BCE had a net margin of 26.40% and a return on equity of 31.99%. The business had revenue of C$6.40 billion during the quarter. As a group, equities research analysts forecast that BCE Inc. will post 3.1120864 earnings per share for the current year.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be issued a $0.4375 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.9%. BCE’s dividend payout ratio is currently 34.02%.

BCE Company Profile

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.