BCE (TSE:BCE) Shares Pass Above 200-Day Moving Average of $62.33

BCE Inc. (TSE:BCE) (NYSE:BCE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.33 and traded as high as $62.63. BCE shares last traded at $62.49, with a volume of 584,645 shares traded.

A number of equities analysts have issued reports on BCE shares. Citigroup raised their target price on BCE from C$60.00 to C$62.00 in a report on Friday, November 1st. TD Securities raised their target price on BCE from C$65.00 to C$66.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, CIBC raised their target price on BCE from C$60.00 to C$62.00 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$63.30.

The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 127.80. The stock has a market cap of $55.48 billion and a P/E ratio of 18.91. The stock has a fifty day simple moving average of C$61.61 and a 200-day simple moving average of C$62.33.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.91 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.93 by C($0.02). The firm had revenue of C$5.98 billion during the quarter, compared to the consensus estimate of C$5.96 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. Sell-side analysts anticipate that BCE Inc. will post 3.7099997 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were given a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, December 13th. BCE’s dividend payout ratio is currently 94.72%.


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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