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

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.40 and traded as high as C$35.79. BCE shares last traded at C$35.54, with a volume of 2,936,834 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BCE. Barclays upgraded BCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of BCE from C$33.00 to C$37.00 in a research report on Friday, February 6th. National Bank Financial increased their price objective on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Desjardins raised their target price on shares of BCE from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Finally, Scotiabank lifted their target price on shares of BCE from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$37.70.

BCE Trading Up 0.6%

The company has a debt-to-equity ratio of 179.16, a quick ratio of 0.43 and a current ratio of 0.58. The business has a fifty day simple moving average of C$35.03 and a 200 day simple moving average of C$33.40. The stock has a market cap of C$33.14 billion, a price-to-earnings ratio of 5.23, a PEG ratio of 4.67 and a beta of 0.38.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.69 earnings per share for the quarter. BCE had a return on equity of 31.99% and a net margin of 26.40%.The company had revenue of C$6.40 billion during the quarter. As a group, equities analysts anticipate that BCE Inc. will post 3.1120864 EPS for the current year.

BCE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.75 annualized dividend and a yield of 4.9%. BCE’s dividend payout ratio is 34.02%.

About BCE

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.