BCE (BCE)
Connects Canadian consumers and businesses through Bell networks, services, and media.
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Sells wireless, fibre Internet, television, enterprise communications, and media services, with revenue concentrated in Canadian connectivity. Three segments pair Bell CTS Canada and Bell Media with a newer U.S. fibre operation, while network investment and Canadian communications regulation shape the business.
Sells wireless service and devices, fibre Internet, television, legacy voice, wholesale connectivity, and enterprise communications through Bell CTS Canada. Bell CTS U.S. extends fibre and wireline service into the Pacific Northwest through Ziply Fiber.
Operates Bell Media across broadcast and streaming video, audio, digital media, and out-of-home advertising. The network-and-content model combines connectivity distribution with owned programming and advertising inventory, while fibre and wireless investment supports the core service portfolio.
Revenue remains concentrated in Canadian connectivity, with the U.S. fibre operation still a smaller foothold. Results depend on network execution, changing legacy phone and news economics, and Canadian communications rules covering broadcasting, wholesale access, ownership, and local-service obligations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Bank of America Securities | Upgrade | Rating: — | |
| Aug 11, 2026 | B of A Securities | Upgrade | ||
| Jul 16, 2026 | Barclays | Reiterate | Rating: —Target: $26 | Target: $25 |
| Jul 15, 2026 | Raymond James | Initiate | Rating: — | |
| Jul 8, 2026 | UBS | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $340.7M · Total debt $29.72B · Total assets $57.65B · Shareholders' equity $16.98B
- Revenue
- $4.39B
- Operating income
- $943.2M
- Net income
- $424.7M
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 48.11% | 448.61M shares | |
|---|---|---|---|
| 417 holders · as of Jun 30, 2026 | |||
| Other | 51.89% | 483.92M shares | |
| remainder | |||
932.53M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Royal Bank of CanadaInstitution | 6.87% | 64.05M | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 4.25% | 39.62M | as of Jun 30, 2026 |
FIL LtdInstitution | 4.15% | 38.66M | as of Jun 30, 2026 |
Caisse de Depot et Placement du QuebecInstitution | 3.66% | 34.11M | as of Jun 30, 2026 |
National Bank of Canada /FI/Institution | 2.48% | 23.17M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Rogers Communications
Broad rival across Canadian wireless, Internet, TV, and media
- TELUS
National rival in mobile, fibre Internet, TV, and business connectivity
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BCE | $21.73 | +0.12% | $20.51B | 4.6 | 13.3 | 1.2 | −2.7% |
| Rogers Communications | $33.27 | −0.03% | $18.59B | 4.0 | 13.9 | 1.2 | +3.3% |
| TELUS | $8.65 | +0.70% | $13.55B | — | 23.1 | 0.9 | −7.0% |
| Median | 4.0 | 18.5 | 1.0 | −1.9% |