BCE Inc logo

BCE Inc(BCE)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$20.38
10/30/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for BCE

10/30/2026: BCE (1-star) is currently NOT-A-BUY. Pass it for now.

BCE Inc. is the largest telecommunications provider in Canada, offering a comprehensive suite of wireless, internet, and media services. The company is favored by income-oriented investors for its long-standing dividend track record and solid national infrastructure. Its primary growth opportunity lies in leveraging 5G and fiber-to-the-premise networks, while it faces significant risks from intense price competition, regulatory pressures, and a high debt load. Investors should closely monitor the company's ability to maintain margins through cost-cutting initiatives and its success in navigating the transition from traditional media to digital streaming models in a challenging economic climate.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitBCE is a mature utility-like company with limited high-growth potential.
Momentum investorWeak fitThe stock generally lacks the price volatility or trending behavior preferred by momentum strategies.
Value investorMixed fitWhile valuation may appear attractive due to price declines, the high debt load requires careful scrutiny.
Dividend investorStrong fitBCE is primarily sought after by income investors for its high dividend yield and history of payouts.
Low-risk investorMixed fitThe stock offers steady income but remains subject to regulatory, competitive, and interest rate risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumTelecom stocks can fluctuate significantly due to interest rate changes and regulatory news.
Valuation riskMediumHigh debt levels can compress valuation multiples in a high-interest-rate environment.
Competition risk (Telecom Price Wars)HighAggressive pricing from RCI and TU can erode margins and average revenue per user.
Business qualityMedium / highBCE benefits from a dominant market position and essential service nature.
Dividend incomeStrongThe dividend is the primary attraction, but payout ratios must be monitored for sustainability.
Execution riskMediumSuccessful implementation of cost-reduction strategies is vital to maintaining profitability.

Analysis of Past Performance

Type Stock
Historic Profit -12.31%
Avg. Invested days 41
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/30/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BCE receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
BCE has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+1777.9%) and solid cash generation (FCF margin 13.5%) are partially offset by moderate revenue growth (+0.2%), very low insider ownership of 0.03%.

Financial Health Rating

★★★★★
BCE's financial health is supported by strong cash strength, including free-cash-flow generation of $3.3B (13.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is BCE's strongest growth driver at +1777.9% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+28.6%, solid) is also solid, while revenue growth (+0.2%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 53.4% and approximately 99.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.03%, which materially reduces the ownership score.

Top 5 Institutional Investors

Royal Bank of Canada 6.87%
Bank of Montreal 4.25%
BMO Capital Markets Corp. 4.25%
Fidelity International Ltd 4.15%
Caisse De Depot Et Placement Du Quebec 3.66%

Unit Economics (Per $1K Revenue)

★★★★★
BCE generates approximately $684 of gross profit, $222 of operating income, and $135 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and soft cash conversion support a 3-star rating, while capital efficiency is soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 15.48%

Quantitative Style Profile

★★★★★
BCE has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 18.71B USD
Price to earnings Ratio 4.11
1Y Target Price 26.95
Price to earnings Ratio 4.11
1Y Target Price 26.95
Volume (30-day avg) 4.9M shares
Beta 0.65
52 Weeks Range 18.68 - 25.77
Updated Date 10/30/2026
52 Weeks Range 18.68 - 25.77
Updated Date 10/30/2026
Dividends yield (FY) 8.74%
Basic EPS (TTM) 4.88

How Company Makes Money

Business areaWhat it includesRetail investor read
Wireless ServicesMobile phone plans, data services, and hardware sales.The primary driver of revenue; depends on subscriber growth and data usage.
Wireline & InternetFibe internet, residential television, and business network services.Provides stable, recurring subscription revenue, though traditional TV is declining.
Bell MediaBroadcasting, streaming (Crave), and out-of-home advertising.Provides content differentiation but is susceptible to advertising market cycles.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-11-05
When Before Market
Estimate 0.49
Actual -

Profitability

Profit Margin 25.89%
Operating Margin (TTM) 22.05%

Management Effectiveness

Return on Assets (TTM) 4.42%
Return on Equity (TTM) 30.47%

Valuation

Trailing PE 4.11
Forward PE 10.29
Enterprise Value 50.31B
Price to Sales(TTM) 0.75
Enterprise Value 50.31B
Price to Sales(TTM) 0.75
Enterprise Value to Revenue 2.85
Enterprise Value to EBITDA 4.74
Shares Outstanding 932.53M
Shares Floating 931.43M
Shares Outstanding 932.53M
Shares Floating 931.43M
Percent Insiders 0.03
Percent Institutions 53.4

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.