BCE (TSE:BCE) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

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BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE crossed 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 trading hands.

Analysts Set New Price Targets

BCE has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on BCE from C$28.00 to C$29.00 in a report on Monday, May 12th. Cibc World Mkts cut BCE from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Desjardins increased their price target on BCE from C$40.00 to C$40.50 and gave the company a "buy" rating in a report on Sunday, August 10th. CIBC lowered their price target on BCE from C$52.00 to C$33.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Finally, Canaccord Genuity Group increased their price target on BCE from C$31.50 to C$32.00 and gave the company a "hold" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$34.42.

BCE Stock Down 0.3%

The company has a market capitalization of C$31.96 billion, a PE ratio of 118.36, a P/E/G ratio of 4.67 and a beta of 0.48. 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 50-day moving average of C$32.07 and a two-hundred day moving average of C$31.90.

BCE Announces Dividend

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 issued 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 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.

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