BCE (TSE:BCE) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

BCE Inc. (TSE:BCE) (NYSE:BCE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$33.27 and traded as high as C$36.02. BCE shares last traded at C$35.69, with a volume of 2,910,929 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCE. Desjardins lowered their price target on shares of BCE from C$41.00 to C$40.00 and set a “buy” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of BCE from C$33.00 to C$37.00 in a research note on Friday, February 6th. National Bank Financial lifted their price target on BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays raised BCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce raised BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BCE currently has a consensus rating of “Moderate Buy” and an average price target of C$38.05.

BCE Stock Down 0.1%

The firm has a 50-day moving average of C$33.69 and a two-hundred day moving average of C$33.27. 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 has a market capitalization of C$33.28 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 4.67 and a beta of 0.47.

BCE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 15th were given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, December 15th. BCE’s dividend payout ratio (DPR) is presently 34.02%.

BCE Company Profile

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.