BCE (TSE:BCE) Share Price Crosses Above 200 Day Moving Average of $61.34

BCE Inc. (TSE:BCE) (NYSE:BCE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.34 and traded as high as $64.65. BCE shares last traded at $64.22, with a volume of 528,835 shares changing hands.

BCE has been the topic of a number of recent research reports. TD Securities lifted their price objective on BCE from C$65.00 to C$66.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. CIBC lifted their price objective on BCE from C$59.00 to C$60.00 in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on BCE from C$63.00 to C$65.00 in a report on Monday, September 9th. JPMorgan Chase & Co. downgraded BCE from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$63.00 to C$60.00 in a report on Monday, July 8th. Finally, Royal Bank of Canada boosted their target price on BCE from C$61.00 to C$62.00 in a 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. The company has a consensus rating of “Hold” and a consensus target price of C$62.82.

The firm has a market capitalization of $58.16 billion and a price-to-earnings ratio of 19.73. 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 firm has a fifty day moving average price of C$63.95 and a 200 day moving average price of C$61.39.

BCE (TSE:BCE) (NYSE:BCE) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate of C$0.90 by C$0.04. The business had revenue of C$5.93 billion during the quarter, compared to analyst estimates of C$5.89 billion. As a group, equities analysts predict that BCE Inc. will post 3.7100002 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 16th were given a $0.793 dividend. This represents a $3.17 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from BCE’s previous quarterly dividend of $0.79. BCE’s payout ratio is 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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