TSE:BCE

BCE Inc. (BCE.TO)

34.49
-0.00 (0.00%)
as of Jun 11, 2026, 6:54:33 pm Market Open.
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Investor Insights
star iconJun 11, 2026, 12:00 am

This summary was created by AI, based on 45 opinions in the last 12 months.

BCE Inc. has been facing significant challenges, including a recent dividend cut aimed at bolstering cash flow for investments, particularly in the U.S. market. Expert reviews highlight that while the stock offers a decent dividend yield of approximately 5%, it's viewed more as an income-generating asset rather than a growth opportunity. Concerns regarding competitive pressures in the telecommunications sector, especially with increasing competition from players like Freedom Mobile and regulatory hurdles, have emerged as notable headwinds. Many analysts maintain a cautious outlook, suggesting that the stock could stabilize in the long term but may not witness substantial upside in the near future. Overall, while there are opportunities for operational improvements and strategic pivots, uncertainty remains about BCE's ability to reclaim previous growth trajectories.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
Telus, T
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.

DON'T BUY
A stock that looks to be fully priced. He likes it under $57, now it’s at $64. They’re in an area that can be affected by government regulation. There’s also concerns over the expense of 5G. How much is it going to cost? He would sit on the side lines to see what the bill to do the big switch is. Under $60, he would look closer.
BUY

Most people buy it for the dividend yield. He likes the relative safety. His preferred way to play Telcos, utilities and pipelines is with an ETF, ZWU-T. It is a covered call strategy with about 7% yield and is much more diversified than picking one stock. But you can't help liking BCE-T regardless.

COMMENT

Rogers is now trading at 14x. They missed on earnings. BCE didn't miss on earnings and has good growth. They also have a good dividend. However, BCE is trading at 17x. Both will be beneficiaries of 5G.

PAST TOP PICK
(A Top Pick Nov 15/18, Up 20%) It's more of a trading stock now. Returns were better a few weeks ago before the telco pullback. Still holds and likes it.
COMMENT

BCE vs T Both operate in a regulated industry that allows above normal margins. Consumers are cutting cords and there is push back on cell phone bills. You are probably better owing a US telecom company instead. He prefers Shaw or AT&T.

PAST TOP PICK
(A Top Pick Oct 12/18, Up 32%) It will rise only a bit further after a great year. It tends to quit, then sets back after hitting fair market value. That's a good trading opportunity.
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