BCE Inc (BCE) AI Stock Analysis

NYSE: BCEAI research summary: business, growth, valuation, analysts, bull and bear case.

BCE AI stock analysis summary

AI Research

BCE Inc. is a major Canadian telecommunications and media provider operating wireless, wireline, and media segments. The company offers a 6.06% dividend yield with a 49.0% payout ratio, but carries substantial leverage with $41.79B in total debt. BCE trades at an EV to EBITDA multiple of 4.9x, representing a discount to the broader communications sector.

Market cap
$18.96B
Revenue (TTM)
$24.80B
P/E
4.2x
fwd 11.2x
1Y return
-9.6%
S&P 500 16.8%
Avg. target
$26.63
31.0% vs last close

Bull case

  • BCE offers an annualized forward dividend yield of 6.06% supported by a manageable payout ratio of 49.0% and 43 consecutive years of dividend payments.
  • The stock trades at an EV to EBITDA multiple of 4.9x, well below the US-listed Communication Services median of 10.0x.
  • Free cash flow reached $3.29B in FY2025 alongside a trailing twelve months return on equity of 30.5%.

Bear case

  • Total debt of $41.79B significantly outweighs cash and short-term investments of $479.2M, yielding a high debt-to-equity ratio of 1.75.
  • Over the past 5 years, the stock has declined 44.5% while the S&P 500 gained 83.0%.
  • Annualized dividend growth over the trailing 5-year period is -7.8%, indicating long-term contraction in dividend distributions.

What BCE does

BCE Inc. is a Canadian telecommunications and media company established in 1880 and based in Verdun, Canada. It operates across three core business segments: Bell Wireless, Bell Wireline, and Bell Media. Bell Wireless supplies wireless voice, data communications, and consumer electronics products to residential, business, and wholesale customers. Bell Wireline delivers internet access, Internet protocol television (IPTV), local and long-distance telephone services, satellite TV, and connectivity solutions. Bell Media operates an extensive portfolio that spans conventional TV, specialty TV, pay TV, streaming services, digital media solutions, radio broadcasting, and out-of-home advertising services across Canada.

Growth and profitability

Between FY2021 and FY2025, BCE generated a 5-year revenue CAGR of 1.3%, with annual revenue moving from $23.45B to $24.47B. Operating margins remained consistent, recording 22.5% in FY2021 and 22.2% in FY2025. Annual net income fluctuated, dipping to $344.0M in FY2024 before rising to $6.46B in FY2025 with a net margin of 26.4%. In the trailing twelve months ending June 30, 2026, revenue stood at $24.80B with an operating margin of 22.1% and net profit margin of 25.9%. For the latest quarter, quarterly revenue grew 1.5% year-over-year, while quarterly earnings declined 3.8% year-over-year.

BCE income statement →

Balance sheet and cash flow

As of June 30, 2026, BCE held $479.2M in cash and short-term investments against $41.79B in total debt, resulting in net debt of $41.31B. Shareholders' equity was $23.87B, translating to a debt-to-equity ratio of 1.75 and a current ratio of 0.65. Operating cash flow reached $6.99B in FY2025, supporting $3.29B in free cash flow. In FY2025, capital expenditures totaled $3.70B, while capital returns consisted of $2.18B in dividends paid and $182.0M allocated to share buybacks. Total assets were $81.08B.

BCE balance sheet →

Valuation and performance

BCE trades at a trailing P/E of 4.2x and a forward P/E of 11.2x, compared to medians of 16.2x and 14.1x for its US-listed Communication Services peers. Its EV to EBITDA ratio is 4.9x, below the peer median of 10.0x, while its price-to-sales ratio of 0.8x matches the peer median of 0.8x. Over the past year, BCE shares declined 9.6% compared to a 16.8% gain for the S&P 500 (SPY). Over a 5-year period, the stock fell 44.5% while the S&P 500 gained 83.0%.

BCE key metrics →

BCE dividend

BCE pays a quarterly dividend with an annualized forward payout of $1.23 per share, yielding 6.06% as of October 16, 2026. The company maintains a 49.0% payout ratio and has paid dividends for 43 consecutive years. Its 5-year annualized dividend growth rate stands at -7.8%, and its last ex-dividend date was September 15, 2026.

BCE dividend history →

What analysts expect

Wall Street sentiment includes 7 Strong Buy, 5 Buy, 6 Hold, and 1 Sell ratings, with 0 Strong Sell ratings. The mean price target is $26.63, representing a 31.0% premium over the last close of $20.33. For FY2026, analysts estimate EPS of $2.57 on revenue of $24.92B. For FY2027, 17 analysts forecast EPS of $2.64 on revenue of $25.30B. BCE beat EPS expectations in each of the last 4 quarters, with its next earnings date scheduled for November 5, 2026.

BCE forecast and price target →

Key risks and what to watch

  • With a current ratio of 0.65 and net debt of $41.31B, short-term liquidity and debt service could pressure working capital.
  • Top-line expansion has been modest, reflected in a 5-year revenue CAGR of 1.3% and a 3.8% quarterly earnings decline year-over-year.
  • Consensus estimates expect FY2026 EPS to decline 8.1% to $2.57.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this BCE AI stock analysis

This page is an AI-written research summary of BCE Inc (BCE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BCE income statement, BCE balance sheet, BCE key metrics, BCE analyst forecast, BCE chart. See the BCE stock overview for the latest quote and news.

BCE AI stock analysis FAQ

What is BCE's dividend yield and payment frequency?

BCE pays a quarterly dividend with an annualized forward payout of $1.23 per share, representing a 6.06% yield. The company has maintained dividend payments for 43 consecutive years.

What is BCE's debt position?

As of June 30, 2026, BCE carries $41.79B in total debt and $479.2M in cash and short-term investments, resulting in net debt of $41.31B and a debt-to-equity ratio of 1.75.

What do Wall Street analysts forecast for BCE?

Analysts hold a mean price target of $26.63, which is 31.0% above the closing price of $20.33 as of October 16, 2026. The breakdown includes 7 Strong Buy, 5 Buy, 6 Hold, and 1 Sell ratings.

When does BCE report its next earnings?

BCE is scheduled to report earnings on November 5, 2026, having beaten EPS estimates in each of the prior 4 quarters.

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