TSE:BCE

BCE Inc. (BCE.TO)

29.69
-0.46 (1.53%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
2008 watching
0
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)
BUY ON WEAKNESS
Sold off and has moved counter-market in the last little while. Has always liked the stock, a good solid stock to have in your portfolio. Very competent management, safe dividend, a sector that will grow with the country. Holds it as a cash flow generator. Adds to it when it's down in the cycle, or takes profits when it gets too big in the portfolio. A core holding.
BUY
He likes the telecoms. They pay a decent part of the earnings and a good dividend. They've done a great job consolidating the sector. BCE is a tremendous operator. It's now cheap. There's some growth left.
TOP PICK
Balance sheet is pristine. The payout is not extremely aggressive. He likes telcos over cable. Estimated P/E: 16x. Yield: 5.4% On a EBITDA trades at 7x which lower than the historical average. (Analysts’ price target is $58.56)
BUY
Buy during rising rates? Good company with a 75% payout ratio. Dividend growth to come. Rising rates won't upset that--he sees 5% dividend and share growth in the coming year. Valuation is in the middle at 15x. Not a huge grower now or a screaming buy. But in a few years, BCE will benefit from 5G when it hits Canada.
TOP PICK
Pressured by higher interest rates. Good for a TFSA. It's crossed its 100-day moving average, so there's momentum. Pays a good 5.5% yield. Also offers stability. (Analysts’ price target is $58.56)
COMMENT
Is it a stock to sit and wait? Telecoms, utilities and consumer discretionaries are usually a good place to park cash when the markets get nervous. In early/mid-2017 he sold his interest rate-sensitives, because interest rates were marching higher. You must be careful with such stocks, because they don't deal well with inflation and rising rates. Doesn't know if BCE's dividend is safe or not.
DON'T BUY
Telecoms are high-dividend payers. Great income, but this has been falling, trending below its 200-day moving average. Great cash flow. There's more room for wireless penetration in Canada than the US. But rising interest rates will pressure telecom stocks. Better to wait until rates settle in 12-18 months. Better to look for dividend growers than high-dividend payers.
TOP PICK
Pays a good 5.7% yield. It could be quite defensive in weak markets, and has done well in this current bear market, which is a good sign. It's at 2.5x book value. This could give you a nice capital plus the yield. (Analysts’ price target is $59.03)
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