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
Just came out with some decent earnings. Trades at about 3X on a price to cash flow basis. 6.5% yield. Tremendous cash flow but no growth profile. Speculation on a merger with Telus (T-T).
COMMENT
His dividend play with a little bit of growth. Will probably Sell in a year or so if it gets into the high $20's. 6.3% yield.
TOP PICK
Bought this one for the 6.36% yield. Came out with some pretty reasonable numbers and pretty reasonable forecast. Good company and management.
BUY
6.3% dividend is safe. In this whole space, you have to decide if you want income with modest growth such as BCE (BCE-T), Manitoba Tel (MBT-T) or Telus (T-T) or something more adventurous but with a slightly lower yield such as Rogers (RCI.B-T) or Shaw (SJR.B-T).
COMMENT
Versus BCE preferred. Unless there is a specific need for income you should always go to the common because you have some capital gains opportunities and the yield is comparative. Prefers Rogers (RCI.B-T) and Shaw (SJR.B-T).
BUY
Good defensive name. Going through a turnaround. Will be buying back shares and increasing dividends.
BUY
Strong balance sheet. Have been buying back stock. Wonders about the impact when new wireless players come in. 6% yield. If you are looking for income, not double-digit growth, this is a good investment.
COMMENT
Midterm bonds yielding about 7%? Doesn't own any Telcos. Feels they are very highly regulated so there's not a lot of upside. However, this one short-term at 7% is okay but feels there are better places to be.
TOP PICK
Has under performed the banks, which is a surprise. 6.3% yield. For people who are really uncomfortable with the market. Some day it will get a bit more respect.
BUY
Likes it at this price. New management is doing a lot of the right things. 6.5% yield. Low multiple.
DON'T BUY
Would focus more towards the wireless space such as Telus (T-T) or Rogers (RCI.B-T). Seemed to lose their focus during the Teachers Pension bid so this is not one of his favourites.
BUY
Valuation is cheap. Dividend is safe. Throwing off excess cash. Likes management.
TOP PICK
Has stripped down the management and is fighting back again just Rogers (RCI.B-T). Running it much more effectively. 6.5% dividend. Could very well do something with another cable company in order to get national geographic reach.
PAST TOP PICK
(A Top Pick May 15/09. Up 1.7%.) 9% free cash flow is attractive. Yield of about 6%. Stable business. Have been cost cutting and buying back shares. Recently did debt offerings that have been lower than what they’ve been in the past.
BUY
Really likes it at these levels. Good dividend and it seems safe. Trading close to or below book value. Management seems to be getting their act together.
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