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TSE:BCE

BCE Inc. (BCE.TO)

34.37
+0.08 (0.23%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 12, 2026, 12:00 am

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

BCE Inc. is currently facing significant challenges within the highly competitive telecom sector in Canada. Analysts are divided on the stock's outlook, with some expressing cautious optimism about its long-term potential due to an attractive dividend yield, while others remain skeptical about growth prospects following the company's dividend cut and high capital expenditures. Investors are advised to consider the stock primarily for its income-generating capacity rather than growth, as many believe the dividend will provide stability amidst market volatility. The outlook on BCE is mixed, with discussions of capital investments in AI and fibre helping to position the company for future growth, though concerns about high debt levels and competitive pressures persist.

consensus icon
Consensus
Cautious
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Valuation
Undervalued
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Similar
Telus,T
BUY ON WEAKNESS
Rogers (RCI.B-T), BCE (BCE-T) or Telus (T-T)? Telecoms look a little expensive. On a pull back he would be tempted to buy BCE, which has momentum and is gaining on wireless. Average revenue per unit is going up. Moving into internet protocol television (IPTV) is going to make them very competitive with cable companies.
COMMENT
May 1/29 Strip Bonds. Great for RSP account and Bell is a triple B credit, so moderate risk. As a 20-year security, the price volatility will be very high. 1% move in rates could see this move 18%-19% in price. In case of a leveraged buyout, there is a real risk that BCE would no longer be investment grade but become a high yield company. If Bell went into default, your bond would be worth zero. A lot of risks investing in Bell strips.
DON'T BUY
BCE (BCE-T) or Telus (T-T)? Has no exposure to telecoms right now. Too much competition. Dividends on these 2 are safe but don’t see a lot of earnings growth.
TOP PICK
Much more stable company than it was several years ago. Trading at a good multiple. Good free cash flow yield. 5.3% yield.
DON'T BUY
Doesn’t like any of the telecoms because of the competition coming down the pipe with the newer mobiles. If she were choosing one, it would be Telus (T-T) as it is in the part of the country that is seeing better growth.
BUY
Telecoms. BCE (BCE-T), Telus (T-T) or Rogers (RCI.B-T)? BCE is more of a dividend play with 5.4%. Growth is close to 6% long term. Rogers is more of a growth story. He would rate Telus as third.
DON'T BUY
05/01/2029 Strip Bonds. More risky because coupon is stripped. This is a risky bond.
PAST TOP PICK
(A Top Pick Oct 30/09. Up 35.65%.) Has been selling off which is probably profit taking. Good yield and expects an increase in dividends again in 2011.
COMMENT
Sees the 3 major telcos, BCE (BCE-T), Rogers (RCI.B-T) and Telus (T-T) as being on a continuum from conservative and slower growth with BCE through to aggressive and higher growth on Rogers end. Has all 3.
BUY
It has been a good holding for him. Management is doing the right things. There is still lots of turn-around potential and so he sees further upgrade. Agrees with BCE buying CTV, owner of BNN.
TOP PICK
Dividend story. Has raised dividends since the bottom and management is making little tuck-in acquisitions, which might amount to something someday creating a little bit of growth.
PAST TOP PICK
(A Top Pick Aug 27/09. Up 42.43%.) Still a Hold.
COMMENT
Biggest growth potential between BCE (BCE-T) and Telus (T-T) for a long-term investor? Tends to favour BCE because of us competition and more room to cut costs. Expect they will both grow dividends 5%-10% a year but thinks Rogers (RCI.B-T) and Shaw (SJR.B-T) program with her dividends and buybacks shares faster. (See Top Picks.)
SELL
2024 10% strip bonds. Given that interest rates have come down significantly, there has been a massive capital appreciation in this. Expect interest rates have put in a bottom here, particularly in the longer end, so consider taking profits.
PAST TOP PICK
(A Top Pick Oct 30/09. Up 38%.) Reasonably priced. At this time would buy Manitoba Tel (MBT-T).
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