BCE (TSE:BCE) Stock Passes Above 200 Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemBCE Inc. (TSE:BCE – Get Free Report) (NYSE:BCE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.61 and traded as high as C$33.00. BCE shares last traded at C$32.50, with a volume of 4,369,113 shares.
Analyst Ratings Changes
A number of brokerages recently issued reports on BCE. CIBC upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, December 9th. BMO Capital Markets upgraded shares of BCE from a “market perform” rating to an “outperform” rating and set a C$37.00 target price on the stock in a research note on Thursday, December 11th. Royal Bank Of Canada upgraded shares of BCE from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$35.00 to C$47.00 in a report on Wednesday, October 15th. Scotiabank boosted their price objective on shares of BCE from C$39.50 to C$41.50 and gave the stock an “outperform” rating in a report on Monday, September 8th. Finally, Desjardins upped their price objective on BCE from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, BCE presently has a consensus rating of “Moderate Buy” and a consensus target price of C$36.41.
BCE Stock Down 0.7%
The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73. The company’s fifty day moving average is C$32.24 and its 200-day moving average is C$32.63. The company has a market cap of C$30.31 billion, a PE ratio of 4.88, a PEG ratio of 4.67 and a beta of 0.48.
BCE (TSE:BCE – Get Free Report) (NYSE:BCE) last announced its earnings results on Thursday, November 6th. The company reported C$0.79 earnings per share for the quarter. The business had revenue of C$6.05 billion during the quarter. BCE had a net margin of 1.10% and a return on equity of 1.39%. On average, analysts predict that BCE Inc. will post 3.1120864 EPS for the current year.
BCE Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 15th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.4%. BCE’s dividend payout ratio is currently 43.09%.
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.