BCE (BCE)

• Market cap: $22.5B
• 1 day: 0.04%
• 5 days: -0.53%
• 1 month: 3.09%
• 3 months: -4.55%
• 6 months: -31.19%
• Year to date: 4.73%
• 1 year: -31.90%
• 5 years: -40.10%
• 10 years: -41.32%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

About: BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier-the legacy telephone provider-throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.

Employees: 40,390

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

1.03% more ownership

Funds ownership: 39.45% [Q3] → 40.48% (+1.03%) [Q4]

15% less funds holding

Funds holding: 488 [Q3] → 417 (-71) [Q4]

19% less repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 162

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

31% less capital invested

Capital invested by funds: $12.5B [Q3] → $8.58B (-$3.93B) [Q4]

44% less call options, than puts

Call options by funds: $562M | Put options by funds: $1.01B

48% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 126

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $39 60% upside
• Avg. target: $39 60% upside
• High target: $39 60% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

RBC Capital Drew McReynolds 0 / 0 met price target

60% upside $39

Sector Perform Reiterated

25 Feb 2025