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

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.04 and traded as high as C$36.23. BCE shares last traded at C$35.95, with a volume of 5,406,634 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank cut their target price on shares of BCE from C$40.75 to C$40.25 and set an “outperform” rating for the company in a research note on Tuesday, January 20th. Cibc Captl Mkts raised BCE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. TD Securities decreased their target price on BCE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$35.00 to C$47.00 in a research report on Wednesday, October 15th. Finally, Desjardins decreased their price objective on BCE from C$42.00 to C$41.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$36.83.

BCE Trading Up 1.0%

The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The stock has a market capitalization of C$33.14 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 4.67 and a beta of 0.47. The company’s 50-day moving average is C$32.96 and its 200-day moving average is C$33.04.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share for the quarter. The business had revenue of C$6.05 billion during the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. Research analysts anticipate that BCE Inc. will post 3.1120864 earnings per share for the current fiscal year.

BCE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th were given a $0.4375 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.75 dividend on an annualized basis and a yield of 4.9%. BCE’s payout ratio is currently 43.09%.

About BCE

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.