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.

consensus icon
Consensus
Hold
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Valuation
Fair Value
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Similar
T, T
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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