BCE (TSE:BCE) Shares Cross Above Two Hundred Day Moving Average of $0.00

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $61.52. BCE shares last traded at $61.28, with a volume of 407,465 shares changing hands.

A number of analysts have commented on BCE shares. Desjardins cut shares of BCE from a “buy” rating to a “hold” rating and cut their price target for the company from C$66.00 to C$65.00 in a research report on Friday, May 3rd. National Bank Financial upped their price target on shares of BCE from C$58.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, July 4th. BMO Capital Markets upped their price target on shares of BCE from C$62.00 to C$63.00 in a research report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of BCE from C$61.00 to C$62.00 in a research report on Friday, August 2nd. Finally, Citigroup lowered shares of BCE from a “buy” rating to a “neutral” rating and set a C$60.00 price objective on the stock. in a report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$61.82.

The company’s fifty day moving average price is C$60.20. The company has a market cap of $55.21 billion and a PE ratio of 18.86. The company has a debt-to-equity ratio of 135.01, a quick ratio of 0.45 and a current ratio of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.793 per share. The ex-dividend date is Friday, September 13th. This represents a $3.17 annualized dividend and a dividend yield of 5.17%. This is a positive change from BCE’s previous quarterly dividend of $0.79. BCE’s dividend payout ratio is currently 95.23%.

About BCE (TSE:BCE)

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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