BCE (TSE:BCE) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

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Shares of BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$31.90 and traded as high as C$35.91. BCE shares last traded at C$35.28, with a volume of 3,259,033 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCE. National Bankshares set a C$35.00 target price on shares of BCE and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. TD Securities raised their price target on shares of BCE from C$33.00 to C$35.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Desjardins raised their price target on shares of BCE from C$40.00 to C$40.50 and gave the stock a "buy" rating in a report on Sunday, August 10th. JPMorgan Chase & Co. raised their price target on shares of BCE from C$28.00 to C$29.00 in a report on Monday, May 12th. Finally, Cibc World Mkts downgraded shares of BCE from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$34.67.

BCE Stock Down 1.3%

The firm has a market cap of C$31.92 billion, a P/E ratio of 118.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The stock's 50 day simple moving average is C$32.44 and its 200 day simple moving average is C$31.93. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 5.0%. BCE's dividend payout ratio (DPR) is presently 1,338.57%.

About BCE

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.