BCE (TSE:BCE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• BCE Inc. shares have recently surpassed their 200-day moving average, trading at C$32.65, which is above the average of C$31.98.
• The company's stock is receiving mixed analyst ratings, with a consensus rating of "Hold" and a target price of C$34.88.
• BCE has declared a quarterly dividend of $0.4375 per share, representing an annualized yield of 5.4%.

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE's stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$31.98 and traded as high as C$33.14. BCE shares last traded at C$32.65, with a volume of 4,869,019 shares.

Analyst Upgrades and Downgrades

BCE has been the topic of a number of recent research reports. National Bankshares set a C$35.00 price objective on BCE and gave the company an "outperform" rating in a report on Tuesday, August 12th. Desjardins boosted their price target on BCE from C$40.00 to C$40.50 and gave the company a "buy" rating in a research note on Sunday, August 10th. TD Securities upped their price target on BCE from C$33.00 to C$35.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Scotiabank increased their price objective on BCE from C$39.50 to C$41.50 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Finally, UBS Group reduced their target price on shares of BCE from C$34.00 to C$32.00 in a research note on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$34.88.

BCE Trading Down 2.4%

The business has a 50 day simple moving average of C$33.59 and a 200 day simple moving average of C$31.98. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market cap of C$30.10 billion, a price-to-earnings ratio of 70.98, a price-to-earnings-growth ratio of 4.67 and a beta of 0.65.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. BCE's dividend payout ratio is currently 745.65%.

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.

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