BCE Inc. (TSE:BCE) (NYSE:BCE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $62.09 and traded as high as $63.91. BCE shares last traded at $63.66, with a volume of 518,456 shares traded.
Several equities research analysts have weighed in on the company. CIBC increased their price objective on BCE from C$60.00 to C$62.00 in a report on Friday, November 8th. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$60.00 to C$67.00 in a report on Friday, September 20th. TD Securities increased their price objective on BCE from C$65.00 to C$66.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on BCE from C$60.00 to C$62.00 in a report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on BCE from C$63.00 to C$65.00 in a report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$63.30.
The company has a market cap of $57.77 billion and a PE ratio of 19.33. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 127.80. The stock has a 50 day moving average price of C$63.31 and a 200 day moving average price of C$62.09.
BCE (TSE:BCE) (NYSE:BCE) last released its 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 period in the previous year, the firm posted $0.68 EPS. Equities analysts expect that BCE Inc. will post 3.7100003 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.7925 dividend. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, December 13th. BCE’s payout ratio is presently 94.72%.
BCE Company Profile (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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