TSE:BCE

BCE Inc. (BCE.TO)

30.55
-1.09 (3.45%)
as of Jun 30, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 1, 2026, 12:00 am

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

BCE Inc. has undergone significant changes recently, including a 56% dividend cut to reinvest in growth, particularly in AI and data centre infrastructure. While the dividend remains appealing for income-focused investors, many analysts express concerns about stock appreciation potential due to intense price competition within the telecom industry and pressures from new entrants like Freedom Mobile and Quebecor. Although BCE is noted as a key player among Canadian telcos, opinions diverge on its growth trajectory, with some seeing potential long-term benefits from its strategic shifts, while others believe the company's core business faces ongoing headwinds. The sentiment towards BCE suggests it is viewed more as a defensive income investment rather than a growth opportunity, leaving investors split on whether it represents a buying opportunity or a risk in the current market environment.

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Consensus
Cautious
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Valuation
Fair Value
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RCI.B
BUY
He likes buying when stocks are sideways. He thinks it will go back to the low $60 range. It was well situated in the last market correction. For an income based relatively secure play it looks OK.
TOP PICK
Attractive 5.4% dividend especially in relationship to the 10-year 1.9% Canada bond. A huge spread. Likely that the stock will rise and the yield will decrease. (Analysts’ price target is $58.94)
HOLD
It is a good solid dividend payer but he is challenged by the growth prospects. He is not in that sector. The dividend is safe. It is being challenged by NetFlix. The new generation are streamers and don't watch TV.
COMMENT
BCE vs. Telus BCE's growth potential is a little limited vs. Telus. Telus' dividend is okay, but a little lower than BCE's. BCE was one of the few stocks rising when the rest of the market fell. Not a bad idea to also buy Telus. Both are good for cash flow through their dividends. That's why he bought BCE. Telus has a little more growth.
HOLD
Don’t worry that it is not participating. It will be impacted by rates and a rush to safety. If it was bought recently it has declined a little bit. It is a little over extended. It will probably stick in the current range. BCE-T will be impacted by rates. $51 - $67 will be the range it is stuck in.
COMMENT
If Canada bans Huawei would this company be hurt as they are using Huawei equipment to build the 5G network - They do have a lot of their equipment from Huawei. They would have to replace this equipment. It might cost them some money but eventually it will be passed through to the consumer. It is an incremental expense but will be manageable.
DON'T BUY
He sold it in 2018 to move the money into VZ-N. The growth potential for VZ-N was much higher. The BCE-T payout ratio has moved up over the years. We have the highest phone rates in Canada. It gets his out of the Canadian economy. (Analysts’ price target is $59.00)
HOLD
Can telcos get impacted by the lack of rising interest rates? To offset this lack of rising rates, you need a company with earnings growth. AQN fulfills this, for example, but not BCE. You can hold it for the 5% yield though.
PAST TOP PICK
(A Top Pick Sep 26/18, Up 4%) A defensive trade. Hasn't been bad, pulled back in past week. Stock has a decent chance of getting back. He's OK to hold this, it has a yield, reasonably sideways pattern, not a ton of downside from here.
BUY
It continues to be a boring, unexciting company that generates earning and the dividend keeps going up. It is a good long term hold.
COMMENT
Safe-ish. He models 5% EPS growth. 75% payout ratio. Fairly attractively valued. Defensive story. Other names are more attractive with better valuations (some even half like Power Financial) with similar growth rates.
WATCH
The telcos are rolling over now. Wait and you can buy this around $52. Don't worry if you're looking long-term.
BUY
T-N vs. BCE-T. In a non-registered accounts should have BCE-T. He prefers it even in a registered account right now. T-N is a conglomerate of different businesses and hard to understand. BCE-T is growing faster.
BUY
It's done well recently. If there's a correction, this'll be a good place to be, with its dividend. If you own, hold. If you don't, look into it.
TOP PICK
With a very uncertain market in 2019, he is looking for stability. Yield 5.3%. (Analysts’ price target is $58.62)
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