TSE:BCE

BCE Inc. (BCE.TO)

32.57
+0.11 (0.34%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 14, 2026, 12:00 am

This summary was created by AI, based on 41 opinions in the last 12 months.

BCE Inc. has faced several challenges in the telecom sector, including a recent dividend cut that has raised concerns among investors. While some experts believe the company is transitioning effectively towards data center operations and AI infrastructure, others remain cautious about its growth prospects amid increased competition and regulatory pressures. The dividend yield, now around 5%, provides some appeal for income-focused investors, even as many analysts view BCE as a defensive play with limited capital appreciation potential. The stock has experienced significant volatility, and some analysts caution against investing heavily until clearer upward trends are observed. Nonetheless, there are indications that the stock may attract institutional interest due to its recovery potential and solid foundational assets.

consensus icon
Consensus
Mixed
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Valuation
Fair Value
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Similar
RCI.B
BUY
A core holding. Loves the name. Pays a 6% dividend. They're doing a lot of good things, like Crave streaming.
PAST TOP PICK
(A Top Pick Jan 22/19, Up 18%) He owns if for the dividend yield of 4.7%. Pure and simple. Happy to.
DON'T BUY
He would be cautious. He's recommended this in the past and it has done well. However, the government's effort to reduce costs, as well as the cost of 5G worries him. Cashflow could be directed in that direction, which is a longterm play, but in the short term, the cost could be great. All the telcos are in the same situations.
BUY

vs. Verizon Verizon is a good US income stock. Own this in a non-registered account to avoid the tax hit. Better to own BCE, because it won't be taxed in a sheltered account.

DON'T BUY
Doesn't own any telecoms, because of macro themes. He's been positioning more in value and cyclicals rather than the defensives and secular growth themes. Anticipates the growth cycle will continue.
BUY
It has been a recent Top Pick for him. There is new management in charge. The new CEO publicly commented that Canadian cell phone rates are not that expensive. The company has the cash flow and infrastructure and he likes their TV services. This is a good place to be.
BUY
There won't be much topline growth in the telcos until 5G launches. Another problem is that other companies are using their networks, and the CRTC says they can pay the telcos less for this. BCE pays a great 5% dividend and they execute very well. Good to buy at these levels.
HOLD
The company is fairly mature. The dividend is around 5%. His total return expectations are just a little over 6%. The share price does not have to move forward a lot to give you the average return from the S&P over the last couple of decades. It is a slow growth and slow dividend growth story and he believes they will continue to grow slowly.
TOP PICK
It pays a good dividend. Yield of 5.31%. It's found a nice base and it's broken out well. If it falls below $55, he would get out. As a utility type company, it is the one dividend paying stock he would own. (Analysts’ price target is $63.35)
BUY
He likes it for their dividend. The cash-flow is excellent. If you want to add more, he would write a put option at $60 expiring in March or April.
BUY

BCE-T vs. RCI.B-T. BCE-T is considered the steadiest and safest of the three. It has run up quite a bit in the last year as a flight to safety. RCI.B-T has come off a bit after offering their unlimited data plan which was a bigger success than they anticipated. He would buy RCI.B-T. A year from now they won't have any issues with unlimited data.

HOLD
Target price? His target is $66 for the next 12 months -- pretty close to where they trade today. He models good revenue growth and dividend growth of 5% going forward. It trades at 17 times earnings. This is a yield proxy -- a decent holding, but it won't do the heavy lifting for your portfolio. (Analysts’ price target is $64.00)
PAST TOP PICK
(A Top Pick Nov 22/18, Up 22%) Well-capitalized and they execute well. Fibre to the home is done and they're taking market share from Rogers. Bundling with fibre to the home is helping their wireless business. Even their wireline division is making money. The only issue is that BCE trades at 8x EBITDA to enterprise value, the highest in this sector.
PAST TOP PICK
(A Top Pick Dec 07/18, Up 18%) Its FMV is $70, which BCE has never passed, but rather will bounce down. Not enough upside.
PAST TOP PICK

(A Top Pick Jan 22/19, Up 18%) A yield stock, good for his income clients. BCE is great for this as opposed to a growth stock like Google.

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