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

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE's share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$31.96 and traded as high as C$33.27. BCE shares last traded at C$32.83, with a volume of 2,066,253 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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. CIBC reduced their price target on shares of BCE from C$52.00 to C$33.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. National Bankshares set a C$35.00 price target on shares of BCE and gave the company an "outperform" rating in a research report on Friday, June 6th. National Bank Financial raised BCE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Desjardins upped their price target on shares of BCE from C$36.00 to C$39.00 and gave the stock a "hold" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$36.73.

BCE Stock Down 1.0%

The business's 50-day moving average is C$30.90 and its two-hundred day moving average is C$31.96. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market capitalization of C$29.90 billion, a price-to-earnings ratio of 110.74, a P/E/G ratio of 4.67 and a beta of 0.48.

BCE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 5.30%. The ex-dividend date was Monday, June 16th. BCE's payout ratio is presently 1,338.57%.

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.