Should I buy or sell BCE stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCE, but not buy additional shares or sell existing shares. View BCE analyst ratings or view top-rated stocks .

What is BCE's stock price target for 2024?

10 Wall Street research analysts have issued twelve-month target prices for BCE's stock. Their BCE share price targets range from C$46.00 to C$60.00. On average, they predict the company's share price to reach C$52.48 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View analysts price targets for BCE or view top-rated stocks among Wall Street analysts .

How have BCE shares performed in 2024?

BCE's stock was trading at C$52.17 at the beginning of the year. Since then, BCE stock has decreased by 15.0% and is now trading at C$44.34. View the best growth stocks for 2024 here .

When is BCE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our BCE earnings forecast .

How were BCE's earnings last quarter?

BCE Inc. (TSE:BCE) posted its quarterly earnings results on Thursday, February, 8th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm earned $6.47 billion during the quarter, compared to analyst estimates of $6.48 billion. BCE had a net margin of 9.17% and a trailing twelve-month return on equity of 10.81%.

How often does BCE pay dividends? What is the dividend yield for BCE?

BCE declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Monday, April 15th will be paid a dividend of 0.998 per share on Monday, April 15th. This represents a $3.99 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of C$0.97. Read our dividend analysis for BCE .

Is BCE a good dividend stock?

BCE (TSE:BCE) pays an annual dividend of C$3.99 per share and currently has a dividend yield of 9.02%. BCE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for BCE .

What other stocks do shareholders of BCE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BCE investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Toronto-Dominion Bank (TD) , Wheaton Precious Metals (WPM) , Open Text (OTEX) and Rogers Communications (RCI) .

How do I buy shares of BCE?

Shares of BCE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:BCE

BCE (BCE) Stock Price, News & Analysis

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C$44.34

-0.08 (-0.18%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$44.16
▼
C$44.57
50-Day Range: C$44.23
▼
C$51.23
52-Week Range: C$43.96
▼
C$65.66

Volume: 1.38 million shs
Average Volume: 2.97 million shs
Market Capitalization: C$40.45 billion

P/E Ratio: 19.45
Dividend Yield: 9.00%
Price Target: C$53.63

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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BCE MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 18.4% Upside
C$52.48 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.20
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.60 out of 5 stars

3.1

Analyst's Opinion

Consensus Rating
BCE has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 8 hold ratings, and no sell ratings.
Amount of Analyst Coverage
BCE has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BCE.

1.7

Dividend Strength

Dividend Leadership
BCE is a leading dividend payer. It pays a dividend yield of 9.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BCE does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of BCE is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BCE.

1.0

News and Social Media Coverage

News Sentiment
BCE has a news sentiment score of -0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Communication Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for BCE this week, compared to 8 articles on an average week.
Search Interest
Only 138 people have searched for BCE on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added BCE to their MarketBeat watchlist in the last 30 days. This is a decrease of -52% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BCE insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.01% of the stock of BCE is held by insiders.
Percentage Held by Institutions
45.65% of the stock of BCE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of BCE is 19.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of BCE is 19.45, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 470.18.
Price to Earnings Growth Ratio
BCE has a PEG Ratio of 1.90. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BCE has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About BCE Stock (TSE:BCE)

BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers. This segment also buys and sells local telephone, long distance, and data and other services from or to resellers and other carriers; and operates consumer electronics retail stores. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

BCE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BCE Stock News Headlines

April 18, 2024 | msn.com

Weird Science | A research paper aims to show the connection between monsoon and invasions on the Indian Subcontinent…

April 18, 2024 | americanbankingnews.com

BCE (TSE:BCE) Given New C$53.25 Price Target at Scotiabank

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 17, 2024 | msn.com

Can most things in society be divided into good and evil? | Faith Forum

April 17, 2024 | msn.com

The Lyrid Meteor Shower Peaks on Earth Day in 2024

April 17, 2024 | msn.com

Lagarde: BCE estaría listo para iniciar recortes si inflación baja más

April 15, 2024 | msn.com

Lyrid: Oldest recorded meteor shower to shine brightest from Apr 21-22

April 11, 2024 | msn.com

For first time, exhibition sheds light on women's roles in East Asian Buddhist art

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 11, 2024 | msn.com

Bell Canada CEO defends job cuts to MPs, cites shift to online viewing

April 11, 2024 | msn.com

Team finds evidence of commonly conducted ritualized human sacrifice across Europe in the Stone Age

April 11, 2024 | msn.com

If You’d Invested $10,000 in BCE Stock in 2023, This Is How Much You Would Have Today

April 11, 2024 | americanbankingnews.com

BCE (TSE:BCE) Price Target Cut to C$54.00 by Analysts at Royal Bank of Canada

April 10, 2024 | americanbankingnews.com

BCE (TSE:BCE) Given New C$48.00 Price Target at Barclays

April 10, 2024 | americanbankingnews.com

BCE Inc. (TSE:BCE) Receives Consensus Recommendation of "Hold" from Analysts

April 9, 2024 | msn.com

Down 39%, Is BCE Stock a Buy at its Whopping 9% Yield?

April 9, 2024 | msn.com

Better Buy: Enbridge or BCE for Passive Income in 2024

April 9, 2024 | markets.businessinsider.com

Bell Canada Inks Partnership With Google Cloud To Use Generative AI-infused Technology

April 9, 2024 | msn.com

El-Erian ve un gran impacto de la creciente divergencia entre la Fed y el BCE

April 8, 2024 | theglobeandmail.com

Citi analyst believes easy money has been made in oil stocks. Plus, is more pain ahead for BCE?

April 7, 2024 | ca.finance.yahoo.com

Retirees: 2 Great Canadian Dividend Stocks With High Yields

April 6, 2024 | msn.com

7 times a total solar eclipse revolutionized science

April 5, 2024 | msn.com

Passive Income: 2 TSX Dividend Stocks to Buy Now for High Yields

April 5, 2024 | msn.com

Emotional history of writing from 4th millennium BC to the present day shows how it 'made us human'

April 4, 2024 | msn.com

TFSA Investors: 2 Top TSX Dividend Stocks to Own for 20 Years

April 3, 2024 | markets.businessinsider.com

BCE Hold Rating Justified by Competitive Pressures and Sluggish Growth Forecast

April 2, 2024 | financialpost.com

BCE hits 10-year low, Rogers dips after BMO sours on telecom outlook

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Ex-Dividend for 4/15 Dividend: 3/14/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/02/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Communication Services
Industry: Telecom Services
Sub-Industry: N/A
Current Symbol: TSE:BCE
CUSIP: N/A
CIK: N/A
Web: www.bce.ca
Phone: +1-514-7868424
Fax: N/A
Employees: 45,132
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$52.48
High Stock Price Target: C$60.00
Low Stock Price Target: C$46.00
Potential Upside/Downside: +20.9%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.28
Trailing P/E Ratio: 19.45
Forward P/E Ratio: 14.60
P/E Growth: 1.9
Net Income: C$2.08 billion
Net Margins: 9.17%
Pretax Margin: N/A
Return on Equity: 10.81%
Return on Assets: 4.96%

Debt

Debt-to-Equity Ratio: 175.98
Current Ratio: 0.65
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: C$24.67 billion
Price / Sales: 1.64
Cash Flow: C$0.56 per share
Price / Cash Flow: 79.17
Book Value: C$18.16 per share
Price / Book: 2.44

Miscellaneous

Outstanding Shares: 912,280,000
Free Float: N/A
Market Cap: C$40.46 billion
Optionable: Not Optionable
Beta: 0.44

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Key Executives

Mr. John Watson (Age 60)
Group President of Business Markets, Customer Experience & AI
Comp: $1.77M
Mr. Blaik Kirby
Group President of Consumer, Small & Medium Business (SMB)
Mr. Curtis Millen
Executive VP & CFO
Mr. Stephen Guy Howe
Chief Technology & Information Officer
Thane Fotopoulos
Vice President of Investor Relations
Mr. Robert Malcolmson
Executive VP and Chief Legal & Regulatory Officer
Ms. Nikki Moffat
Chief Human Resources Officer & Executive VP of Corporate Services
Ms. Karine Moses
Senior VP of Content Development & News and Vice Chair of Québec
Ms. Devorah Lithwick
Senior Vice President & Chief Brand Officer
Thierry Chaumont
Senior VP of Tax & Controller

Key Competitors

View All Competitors

Should I Buy BCE Stock? BCE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in BCE Inc.:

BCE Inc. has a consistent track record of paying dividends, making it an attractive option for income-seeking investors. The recent increase in dividend payout indicates financial stability and commitment to shareholders.
Despite reaching a new 1-year low, BCE Inc.'s stock price presents a potential buying opportunity for investors looking to enter at a lower price point, especially considering the company's historical performance.
The company's diverse range of services, including wireless, wireline, Internet, and television services, provides a resilient revenue stream that can withstand market fluctuations and economic downturns.
BCE Inc.'s strong presence in the Canadian market, with a focus on both residential and business customers, offers stability and growth potential in a relatively stable industry like telecom services.
Analysts' consensus price target of C$55.65 suggests potential upside for investors, indicating that BCE Inc. may be undervalued at its current price levels.

Cons

Investors should be bearish about investing in BCE Inc. for these reasons:

BCE Inc.'s debt-to-equity ratio of 175.98 is significantly high, indicating a heavy reliance on debt financing which can pose risks during economic downturns or rising interest rates.
The company's current ratio of 0.65 and quick ratio of 0.43 suggest potential liquidity challenges, raising concerns about BCE Inc.'s ability to meet short-term financial obligations.
With a PE ratio of 20.13 and a price-to-earnings-growth ratio of 1.90, BCE Inc. may be considered relatively overvalued compared to industry peers, potentially limiting immediate capital appreciation for investors.
Recent downgrades by several equity analysts, along with a neutral consensus rating, indicate a lack of strong growth catalysts or positive sentiment surrounding BCE Inc.'s stock in the near term.
The company's beta of 0.47 suggests lower volatility compared to the market average, which may not appeal to investors seeking higher-risk, higher-reward opportunities in their portfolios.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these BCE pros and cons to contact@marketbeat.com.

BCE Stock Analysis - Frequently Asked Questions

Should I buy or sell BCE stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCE, but not buy additional shares or sell existing shares.
View BCE analyst ratings or view top-rated stocks.
What is BCE's stock price target for 2024?: 10 Wall Street research analysts have issued twelve-month target prices for BCE's stock. Their BCE share price targets range from C$46.00 to C$60.00. On average, they predict the company's share price to reach C$52.48 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for BCE or view top-rated stocks among Wall Street analysts.
How have BCE shares performed in 2024?: BCE's stock was trading at C$52.17 at the beginning of the year. Since then, BCE stock has decreased by 15.0% and is now trading at C$44.34.
View the best growth stocks for 2024 here.
When is BCE's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our BCE earnings forecast.
How were BCE's earnings last quarter?: BCE Inc. (TSE:BCE) posted its quarterly earnings results on Thursday, February, 8th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm earned $6.47 billion during the quarter, compared to analyst estimates of $6.48 billion. BCE had a net margin of 9.17% and a trailing twelve-month return on equity of 10.81%.

How often does BCE pay dividends? What is the dividend yield for BCE?: BCE declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Monday, April 15th will be paid a dividend of 0.998 per share on Monday, April 15th. This represents a $3.99 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of C$0.97.
Read our dividend analysis for BCE.
Is BCE a good dividend stock?: BCE (TSE:BCE) pays an annual dividend of C$3.99 per share and currently has a dividend yield of 9.02%. BCE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BCE.
What other stocks do shareholders of BCE own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BCE investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Toronto-Dominion Bank (TD), Wheaton Precious Metals (WPM), Open Text (OTEX) and Rogers Communications (RCI).
How do I buy shares of BCE?: Shares of BCE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BCE) was last updated on 4/18/2024 by MarketBeat.com Staff

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BCE (BCE) Stock Price, News & Analysis

BCE MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About BCE Stock (TSE:BCE)

BCE Stock Price History

BCE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy BCE Stock? BCE Pros and Cons Explained

Pros

Cons

BCE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™