TSE:BCE

BCE Inc. (BCE.TO)

30.08
+0.17 (0.57%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 25, 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 stable yet challenged investment, primarily recognized for its high dividend yield of around 5%, which many see as a reliable income source amidst current pressures in the telecom sector. The company has faced significant stock price declines due to increased competition, especially from emerging technologies like Starlink, leading to a cut in its dividend by 56% to maintain a sustainable payout ratio. While many experts highlight BCE's potential in the AI and data center space, they express caution about its core operations, with concerns over limited growth prospects and competitive pricing pressures. The consensus is that BCE may serve better as a defensive investment with modest future appreciation rather than as a growth stock. Analysts suggest monitoring BCE's strategic moves in the evolving telecom landscape, including its recent US acquisition and infrastructure investments, to gauge long-term viability.

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Consensus
Hold
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Valuation
Fair Value
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T, T
TOP PICK
We're in a tough environment. He wants big dividends and a stable business. Win by playing defense. 52-week low today. Wireless is performing well, record low churn, roaming is back, fibre journey is more than 50% complete. On cusp of becoming an infrastructure-light, cashflow generator. Yield is 6%. (Analysts’ price target is $68.46)
HOLD
His favourite of the telcos. Likes the cashflow. Highest yield of all the telcos at 5.86%. Growing dividend nicely at a 5% clip over the last 5 years.
HOLD
Big companies don't have much organic growth, so they're all trying to acquire the same assets, thereby bidding up the prices.
TOP PICK
Attractive in current environment. Huge capital outlays for fibre to the home are winding down a bit. History of increasing dividends. Extremely attractive yield of 5.62%. (Analysts’ price target is $68.49)
BUY
It has an extremely good dividend yield and is therefore a good income stock. He pared back a little because of concern over rising interest rates but is adding back now since it is well valued. Also adding to Telus.
BUY
Allan Tong’s Discover Picks BCE, owned by Bell which owns the phone lines that the internet runs on (though everyone ignores this conflict of interest) pays a 5.82% dividend, trades at 19.6x earnings and at a super-low 0.34 beta. BCE stocks, too, are wallowing around 52-week lows of $63, but the stock has beaten or met all of its last four quarters. Read 3 defensive stocks weather uncertain markets for our full analysis.
BUY
Apple vs. BCE for income Certainly, BCE generates income (he owns it), despite minimal revenue growth, though it's well-run. 5G may give it a bump. Pays a super yield. You don't buy Apple for income (the yield is low), but rather it's a growth company. The two stocks are yin-and-yang, but offer good diversity in a portfolio.
HOLD
Has been selling shares. Would rather own shares in Rogers as share price has fallen recently. Defensive holding, not much share price appreciation.
HOLD
TSX has been rocking and rolling. Good for dividend and defensive portfolios, but not his best idea. He's not a fan of paying high multiples for a low-growth businesses just because others are nervous.
BUY
Large capex spend this year will finally finish fibre to the home, a tremendous advantage over cable. Good job in wireless. Trading high. Likes long-term vision, assets, management. Defensive in this environment. Yield of 4.5-5% is going to increase.
HOLD
Trading at the top end of the PE range of telcos. 5G is going to be a big advantage. This is important, as they've spent lots of money on it, but it will benefit topline growth. Core businesses continue to do well. Nice yield of over 5%.
TRADE
He is bullish on Telcos which do well in this environment. Some clients own BCE in their portfolios. Valuations are high and the dividend is not necessarily fully covered today but hopefully in a year. He prefers Telus which is better run with interesting assets and certainty of dividend growth.
PAST TOP PICK
(A Top Pick Apr 21/21, Up 26%) Still likes it within the sector. Canada's predominant player, though Telus is not far off. Core holding. Doing well with fibre, among the top in Canada. Yield approaching 5%.
BUY
Preference in the market for commodities, defensive companies and yield in the market. Rising interest rates not historically good for telecom industry. Sector looks attractive. Lots of money flowing into the business. A good name to hold if you already own it.
PAST TOP PICK
(A Top Pick Apr 16/21, Up 23%) At the time, a recovery stock. Eventually a beneficiary of 5G. Great dividend that grows. Don't add here. Sell calls. Likes it long term.
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