TSE:BCE

BCE Inc. (BCE.TO)

30.28
+0.20 (0.66%)
as of Jul 27, 2026, 3:04:35 pm Market Open.
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Investor Insights
star iconJul 27, 2026, 12:00 am

This summary was created by AI, based on 44 opinions in the last 12 months.

BCE Inc. is viewed as a mixed investment opportunity among analysts, with a strong emphasis on its stable dividend yield and defensive characteristics. The recent dividend cut has made the payout ratio more sustainable, allowing better allocation of funds towards growth initiatives, particularly in AI and data center operations. However, analysts acknowledge significant competitive pressures from companies like Starlink and increasing competition in the wireless market, which complicate growth prospects. Many experts regard BCE as a defensive play primarily offering income rather than capital appreciation, indicating caution in the face of slow earnings growth and mounting competition. Overall, while BCE has made strategic moves to strengthen its core business and diversify, the current market environment makes it less appealing for growth-oriented investors.

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Consensus
Cautious
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Valuation
Fair Value
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Telus, TU
HOLD
Trust was spun out. Had been hoping that this would have given more of a boost to the stock than what it did. Facing a lot of competition. It is holding its own with a very attractive dividend yield which is being increased.
DON'T BUY
Hasn't done a lot for the last 5 years. There has been very little reason for them to go up. Compared to other telephone companies its management has been weaker, less focused. Dividend has laid other utilities.
DON'T BUY
5% dividend. Doesn't like the telecom sector. Lost 6% of their landline business to the cable companies in the last quarter.
HOLD
Pays 5%. Will be putting their rural telephone lines into an income trust with Alliance.
DON'T BUY
Every change they make seems to be either spinning or selling off a company that’s growing. Leaves them with an area that is not growing, but actually shrinking.
BUY
Good defensive stock. Likes the moves the CEO is making to turn the company around. The telco trust makes a lot of sense and the balance of the business could easily trade into the low $30's.
DON'T BUY
He has a model price of $24.18 and his model price has come off substantially in the last few months as the new balance sheets come out. 8% negative differential.
DON'T BUY
The problem this company has had all the way through this rally is that they've had virtually zero revenue growth. The wire line phone business has had a difficult time generating a good return.
WATCH
Price to earnings is around 14 and has an excellent yield. Fairly close to buying it. There is some talk about deregulation of cable and telcos which could create a bitter war if it happens.
TOP PICK
4.5% yield. Stock price has gone nowhere for a dozen years. Likes the Aliant Trust with BCE’s rural lines becoming a trust will be a decent investment. Could eventually see it becoming an income trust.
WEAK BUY
Has been going sideways for a while with a little blip up lately. Although there is not a lot of growth, there is value with a 5% dividend. They will be putting their wire lines and Aliant into a trust which will create some value.
TOP PICK
The asset value, if you start adding up all the pieces, should be worth $32 or more. Have been doing the right things by selling things off, merging local lines with Aliant and spinning it off as a trust.
BUY ON WEAKNESS
Won't have a large upside. Could easily get to $30/32 and with a 5% yield, you have a 12/15% annual return. Likes the assets and they can easily be fixed up.
HOLD
When it gets down to this level, it's cheap. The yield is 5% which will hold it in well. Doing all the right things.
DON'T BUY
Spinning off part of their assets into income trusts. Dividend is now almost 5%. He needs a trigger to say what is going to make the stock go up.
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