BCE (TSE:BCE) Share Price Crosses Above 200 Day Moving Average of $46.22

BCE Inc. (TSE:BCE) (NYSE:BCE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.22 and traded as high as C$47.19. BCE shares last traded at C$46.71, with a volume of 4,171,857 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BCE shares. TD Securities increased 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. Canaccord Genuity Group dropped their price objective on shares of BCE from C$53.00 to C$50.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Cormark reduced their target price on shares of BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. National Bankshares dropped their price target on shares of BCE from C$52.00 to C$50.00 and set an “outperform” rating for the company in a research note on Wednesday, June 26th. Finally, Desjardins increased their price objective on BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$50.42.

BCE Trading Down 0.9 %

The firm has a market capitalization of C$42.61 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.90 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a quick ratio of 0.43 and a current ratio of 0.65. The company has a 50-day moving average price of C$46.59 and a 200-day moving average price of C$46.22.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. The business had revenue of C$6.01 billion during the quarter, compared to analyst estimates of C$6.07 billion.

BCE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.998 per share. The ex-dividend date is Monday, September 16th. This represents a $3.99 annualized dividend and a yield of 8.55%. BCE’s dividend payout ratio is currently 185.58%.

BCE Company Profile

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.