BCE (TSE:BCE) Stock Price Crosses Above 200-Day Moving Average of $46.40

Shares of BCE Inc. (TSE:BCE) (NYSE:BCE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$46.40 and traded as high as C$47.36. BCE shares last traded at C$47.21, with a volume of 3,038,851 shares changing hands.

Wall Street Analyst Weigh In

BCE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of BCE from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Securities upped their target price on BCE from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. BMO Capital Markets lifted their price target on BCE from C$46.00 to C$47.00 and gave the company a “market perform” rating in a research note on Wednesday, June 12th. National Bankshares dropped their price objective on BCE from C$52.00 to C$50.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada decreased their target price on BCE from C$54.00 to C$51.00 in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BCE presently has a consensus rating of “Hold” and a consensus target price of C$50.33.

BCE Stock Up 0.3 %

The stock has a market capitalization of C$43.07 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The stock has a 50 day moving average price of C$45.88 and a 200 day moving average price of C$46.40.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.02). BCE had a return on equity of 10.63% and a net margin of 8.75%. The business had revenue of C$6.01 billion for the quarter, compared to analyst estimates of C$6.07 billion. As a group, analysts forecast that BCE Inc. will post 3.0224072 EPS for the current year.

BCE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $0.998 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.99 annualized dividend and a dividend yield of 8.46%. BCE’s dividend payout ratio is 185.58%.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.