TSE:BCE

BCE Inc. (BCE.TO)

32.79
-0.04 (0.12%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 7, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

BCE Inc. has experienced significant challenges recently, including a dividend cut to manage its payout ratio and to invest in growth areas such as AI data centers. Experts view BCE as primarily a defensive play with a 5% yield, suitable for income-seeking investors rather than those looking for capital appreciation. While some analysts see potential in BCE's strategic initiatives, including cost reductions and a focus on AI, many remain cautious due to competitive pressures from companies like Starlink and regulatory challenges in the telecom sector. The general sentiment reflects a belief that BCE's core business will struggle amidst rising competition, and while there are positive indicators for long-term growth, the immediate outlook remains uncertain.

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Consensus
Cautious
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Valuation
Fair Value
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T, 1344
COMMENT
An OK buy. If you look at the 3 telcos, this one has the highest yield but also the highest multiple. Feels there is a little bit better long-term growth with Rogers.
COMMENT
This is an “okay” buy. Looking at the Canadian 3 telcos, this one has the highest yield but also has the highest multiple. Prefers Rogers (RCI.B-T) because of better long-term growth. Sacrificing yield now but with the potential of bigger yields down the road.
BUY
Increasing smart phones, which is the driver of all wireless business. It is relatively fully valued but he sees earnings growth and dividend growth, so if you want a good solid dividend payer, you will also get some dividend growth. They are doing a good job.
BUY
An attractive opportunity here. A de facto utility. Much better balance sheet, free cash flow, better dividend increases compared to utilities but are trading at 12-13 times earnings. Could get into the $40 range if people continue to be nervous and are looking for defensive stocks. (See Top Picks.)
DON'T BUY
6.46% strip bonds expiring May 2042? Normally he does not give money longer than 7 years because the business cycle is 3-4 years. You not getting paid enough to extend that far out. He owns 2016 bonds.
TOP PICK
(A Top Pick Feb 15/11. Up 12.72%.) Yielding 5.5%. Have done a great job of cutting costs. Well run with a well rounded management team.
PAST TOP PICK
(A Top Pick Aug 6/10. Up 25.3%.) Fits his pattern of a good large-cap company that pays a good dividend and willing to increase dividends.
BUY
Great dividend. Very steady cash flow. Have done a great job in restructuring. Telecom is a sector where he would be buying stocks right now.
TOP PICK
Raised its dividend 6 times over the last 2.5 years. Very strong free cash flow. Smart phones are very positive for all telcos. Trade at 12X earnings, which is very reasonable.
PAST TOP PICK
(Top Pick Apr 11/11, Up 4.54% total return) Still likes the story. Management done a good job of managing its costs. Recent acquisitions are working out quite well. Investors should have a lot of these high yielding stocks.
COMMENT
Floating Rate Preferreds series A.I. Just got a notice they can be converted to a new series AJ. Should I convert? Every 5 years, is give the option of going to fixed or floating. These rates will be bumped down to 4.5% or you can convert to the J series, which is a floating rate at 100% prime. He doesn't see rates rising anytime soon.
COMMENT
Thinks this is down generally because of the market malaise. Doing an excellent job of becoming more efficient and competitive. Expects there will be no dividend cut, but gradual dividend increases.
COMMENT
Good for preservation of capital and income? Consensus target on the telcos is not very positive but this one, plus the dividend, as the best total return, excluding perhaps Shaw (SHR.B-T). Dividend will be safe. Growth will be limited but will probably be 5% a year.
BUY
Comfortable with this one here, partly because of its 5.5% dividend. Has increased the dividend at quite a clip over the last 3 years. Will continue to struggle with wire line negative growth but well-positioned in the growing smart phone market.
DON'T BUY
Has had a great run and is around because of the dividend. Management did a great job wringing out costs. Getting growth in wireless, but landlines is a pretty dead business. Fully valued.
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