BCE Inc. (TSE:BCE) shares have crossed above their 200-day moving average, trading as high as C$36.02 and last at C$35.69, surpassing the C$33.27 average. This movement follows several analyst upgrades from firms like JPMorgan and TD Securities, contributing to a “Moderate Buy” consensus rating with a target price of C$38.05. The company also recently announced a quarterly dividend of C$0.4375, representing an annualized yield of 4.9% and a payout ratio of 34.02%.
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BCE (TSE:BCE) Stock Crosses Above 200-Day Moving Average - What's Next?
BCE Inc. (TSE:BCE) shares have crossed above their 200-day moving average, trading as high as C$36.02 and last at C$35.69, surpassing the C$33.27 average. This movement follows several analyst upgrades from firms like JPMorgan and TD Securities, contributing to a “Moderate Buy” consensus rating with a target price of C$38.05. The company also recently announced a quarterly dividend of C$0.4375, representing an annualized yield of 4.9% and a payout ratio of 34.02%.