BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE's stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$36.59. BCE shares last traded at C$36.35, with a volume of 5,350,193 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. National Bankshares increased their price objective on shares of BCE from C$35.00 to C$36.00 and gave the stock a "sector perform" rating in a report on Tuesday. Scotiabank cut their target price on shares of BCE from C$42.00 to C$40.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group upped their target price on shares of BCE from C$33.00 to C$33.50 and gave the company a "hold" rating in a research report on Friday, February 7th. TD Securities upped their target price on shares of BCE from C$31.00 to C$33.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. downgraded shares of BCE from a "neutral" rating to an "underweight" rating and cut their target price for the company from C$35.00 to C$29.00 in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$40.50.
Check Out Our Latest Stock Analysis on BCE
BCE Stock Down 1.3 %
The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 226.73. The firm's 50 day moving average price is C$33.94 and its two-hundred day moving average price is C$39.07. The company has a market capitalization of C$30.52 billion, a P/E ratio of 113.06, a PEG ratio of 4.67 and a beta of 0.48.
BCE Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.9975 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.99 annualized dividend and a dividend yield of 11.84%. BCE's dividend payout ratio is presently 1,338.57%.
About BCE
(
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BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.
Further Reading
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