BCE (NYSE:BCE) Stock

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.

BCE Inc

BEAR CREEK MINING CORP by Bear Creek Mining Corp.

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Atreca Inc Class A

BCE INC 1ST PFD CL AI by BCE Inc.

News

BCE's Bell Media Collaborates With Magna On Innovative Out-Of-Home Advertising Opportunities

RBC Capital analyst Drew McReynolds reiterates BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Sector Perform and maintains $35 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Sector Perform on BCE, Maintains $35 Price Target

WIIM

BCE shares are trading higher following Q1 reported financial results.

General

BCE Announced Changes To Its Dividend Reinvestment And Stock Purchase Plan. Starting With The July 15 Dividend (For Shareholders On Record As Of June 16), BCE Will No Longer Issue New Shares At A 2% Discount Under The Plan. Instead, Shares Will Be Bought On The Open Market By TSX Trust Company, Using Cash Provided By BCE. These Changes Will Stay In Place Until Further Notice

BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.62 by 22.58 percent. This is a 9.43 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $4.13 billion which missed the analyst consensus estimate of $5.92 billion by 30.26 percent. This is a 7.38 percent decrease over sales of $4.46 billion the same period last year.

Earnings

Earnings Misses

BCE Q1 Adj. EPS $0.48 Misses $0.62 Estimate, Sales $4.13B Miss $5.92B Estimate

BCE And Public Sector Pension Investment Board Formed Network Fiberco, A Long-term Strategic Partnership To Accelerate The Development Of Fibre Infrastructure Through Ziply Fiber, In Underserved Markets In The United States

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Earnings Scheduled For May 8, 2025

President Donald Trump's plan to <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">impose reciprocal tariffs</a> on foreign imports sent markets lower on Thursday.
Canada was spared from additional tariffs during Wednesday's announcement, but has been a favorite Trump target. Canada's economy could be hurt by tariffs, which could be a problem for American sports leagues, specifically the National Hockey League.
What Happened: A Canadian NHL team has not won the <a href="https://www.benzinga.com/general/sports-betting/24/04/38356595/canadas-30-year-stanley-cup-drought-can-streak-end-in-2024-betting-odds-and-the-public-us-">Stanley Cup since 1993</a>. While that drought continues to be a key fact on the minds of the seven Canadian NHL teams, they may have bigger problems at hand.
NHL Commissioner Gary Bettman was <a href="https://globalnews.ca/video/11112948/nhl-has-concerns-over-trumps-tariffs-hopes-canada-us-tensions-just-a-moment-in-time/">asked </a>about Trump's latest tariffs and the potential impact on the NHL this week when highlighting a new Canadian media rights deal with Rogers Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>).
Bettman said he doesn't want to weigh in on politics and hopes that people use sports as an escape from negative headlines. Although, he acknowledged that the situation could still have meaningful implications.
"I hope what we're seeing is a moment in time and things can get back to a normal reality," Bettman said. "I have concerns from a business standpoint for the league that if the Canadian economy suffers by what's going on that will impact the way we do business."
Bettman&#8217;s latest comments follow a <a href="https://www.cnbc.com/2025/03/05/nhl-commissioner-gary-bettman-us-canada-tariffs.html" target="_blank" rel="noopener">CNBC </a>interview last week in which he said 25% of the NHL's league revenue comes from the seven Canadian teams. He also mentioned that the salaries are paid in US dollars.
"So if the impact of the tariffs is to see the Canadian dollar drop relative to the U.S. dollar, it will make it more difficult and more painful."
At the time, Bettman said Canadians and Americans were likely getting "caught in the middle" of a policy issue.
Read Also: <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">Trump Unveils Massive Tariff Plan to Slash $1.2 Trillion Trade Deficit: &#8216;Access To The American Market Is A Privilege&#8217;</a>
Why It's Important: The NHL's seven Canadian teams are the Calgary Flames, Ottawa Senators, Montreal Canadiens, Toronto Maple Leafs, Edmonton Oilers and Winnipeg Jets.
The Maple Leafs are partially owned by two public telecommunications companies. Rogers owns 37.5% of the team, and Bell Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) also owns 37.5% of the team. The ownership comes via the Maple Leaf Sports &amp; Entertainment parent company. MLSE also owns the National Basketball Association team, the Toronto Raptors, and other sports assets. Rogers owns the Major League Baseball team, the Toronto Blue Jays.
Hockey equipment and jerseys are also made in Canada and could be subject to tariffs, increasing costs for the league as it nears the end of its regular season.
In other American sports leagues, Canada is less involved. In the NBA it's one Canadian team (Raptors) and the same for MLB (Blue Jays). The NHL will be much more impacted by tariffs on Canada and the country's economy going forward.
As a trade war potentially escalates, fans can also get more partial against certain teams, as was evidenced with booing of national anthems when Canada and the United States played each other in the Four Nations Tournament earlier this year.
Price Action: Rogers Communications stock hit a new 52-week low of $24.76 earlier this week. The stock has traded between $24.76 and $41.84 over the last year, with shares down 15.2% year-to-date in 2025 and down 34.9% over the last year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44619828/gop-senators-call-trumps-25-canada-tariff-a-huge-mistake-as-republican-opposition-grows-markets-fear">GOP Senators Call Trump&#8217;s 25% Canada Tariff A &#8216;Huge Mistake&#8217; As Republican Opposition Grows, Markets Fear Economic Disruption</a></li>
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Photo: Debby Wong/Shutterstock

Sports

Global

Trump's Tariff Push Raises NHL Concerns: League Hopes For Return To 'Normal Reality'

-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bell Media maintains its existing minority ownership in Sphere Media - -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sphere Abacus becomes primary international distributor of Bell Media's owned distribution rights - -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition to enhance the reach of Canadian content and creators with international audiences -
TORONTO, March 26, 2025 /CNW/ - Bell Media announced today that it has bolstered its existing partnership with Montréal-based <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4391902-1&amp;h=2513022355&amp;u=https%3A%2F%2Fsphere-media.com%2Fen%2F&amp;a=Sphere+Media">Sphere Media</a>&nbsp;by acquiring a majority stake in leading global content distributor <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4391902-1&amp;h=1718937420&amp;u=https%3A%2F%2Fwww.sphere-abacus.com%2Fabout&amp;a=Sphere+Abacus">Sphere Abacus</a>, through parent company Sphere Media International. The acquisition serves as a launchpad for Bell Media's content distribution expansion, combining the strength of the two companies to accelerate growth and capitalize on new opportunities. Through Sphere Abacus, Bell Media is set to enhance the reach of Canadian content and creators with international audiences.

Bell Media Acquires Majority Stake Of Global Content Distributor Sphere Abacus; No Financial Terms Disclosed

RBC Capital analyst Drew McReynolds reiterates BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Sector Perform and maintains $39 price target.

RBC Capital Reiterates Sector Perform on BCE, Maintains $39 Price Target

Reported Earlier, Bell Prices $1B And $1.25B Fixed-to-Fixed Rate Notes, Offering Interest Resets Every Five Years

BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.72 by 9.72 percent. This is a 41.58 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $6.42 billion which beat the analyst consensus estimate of $6.35 billion by 1.17 percent. This is a 35.03 percent increase over sales of $4.76 billion the same period last year.

Earnings Beats

BCE Q4 2024 Adj EPS $0.79 Beats $0.72 Estimate, Sales $6.42B Beat $6.35B Estimate

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Laboratory Corporation Of America Holdings

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Earnings Scheduled For February 6, 2025

Barclays analyst Terence Malone downgrades BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) from Equal-Weight to Underweight.

Downgrades

Barclays Downgrades BCE to Underweight

BCE shares are trading lower after Morgan Stanley downgraded the stock from Equal Weight to Underweight and lowered its price target from $40 to $34.

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<li>Bell has become a Managed and Professional Services strategic partner to provide support across Palo Alto Networks industry-leading, AI-powered security platforms. &nbsp;</li>
<li>Partnership underscores Bell's objective to provide innovative and comprehensive security solutions to businesses in Canada and is another step toward becoming the largest and most trusted Managed Security Services Provider in Canada.</li>
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MONTRÉAL and SANTA CLARA, Calif., Dec. 12, 2024 /CNW/ - Bell Canada, Canada's largest communications company, and Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), the global cybersecurity leader, announced today a strategic partnership that brings together Bell's expertise in Managed and Professional services with Palo Alto Networks industry-leading, AI-powered cybersecurity platforms. Building upon customer success and service development initiatives <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322920-1&amp;h=1986171544&amp;u=https%3A%2F%2Fbce.ca%2Fnews-and-media%2Freleases%2Fshow%2FBell-partners-with-Palo-Alto-Networks-to-help-Canadian-businesses-identify-threats-and-protect-their-cloud-based-data%3Fpage%3D4%26month%3D%26year%3D%26perpage%3D25&amp;a=launched+in+2023">launched in 2023</a>, Bell will now offer a full suite of services across Palo Alto Networks three platforms, delivering comprehensive protection against evolving cyber threats for customers in Canada.

PANW

Bell and Palo Alto Networks Form Strategic Partnership To Strengthen Security Of Canadian Businesses

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<li>Innovative solution that integrates the mobile number directly into Microsoft Teams with advanced features is making mobile and hybrid work easier by streamlining transitions between home, office, and remote locations</li>
<li>Leveraging Canada's fastest and most reliable 5G network1 and one of Canada's largest SIP Trunking networks to empower the future of work in Canada</li>
<li>Bell's expanded portfolio of Microsoft Modern Workplace offerings is designed to help businesses meet the evolving needs of their employees and customers</li>
</ul>
MONTRÉAL, Nov. 19, 2024 /CNW/ - Bell today announced it is launching services for Microsoft Teams Phone Mobile, building on its collaboration with Microsoft to offer Canadian businesses a flexible, secure, high-performance communication solution. This innovative mobile-first solution integrates mobile numbers with Teams, enabling seamless calling and collaboration. Teams Phone Mobile provides a consistent user experience, simplifying business communication and boosting productivity and efficiency.

MSFT

Bell Expands Its Collaboration With Microsoft To Launch Services For Microsoft Teams Phone Mobile For Canadian Businesses

Barclays analyst David Joyce maintains BCE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) with a Equal-Weight and lowers the price target from $34 to $30.

Barclays Maintains Equal-Weight on BCE, Lowers Price Target to $30

BCE shares are trading lower after the company reported worse-than-expected Q3 financial results.

CORRECTION: BCE Q3 2024 Adj. EPS CAD0.75 Misses CAD0.77 Estimate, Sales CAD5.971B Miss CAD6.032B Estimate

Entertainment

Commodities

Press Releases

The Week in Canadian Press Releases: 10 Stories You Need to See

Bell calls on Ottawa to Build, Connect and Grow Canada with smart policies

Bell Canada Increases Sovereign AI Capacity with Bell AI Fabric

Bell Announces Cash Tender Offers for Four Series of Debt Securities

Bell Canada and National Indigenous Connectivity Inc. to advance broadband and wireless access for rural and remote First Nations Communities

Endlessly Entertaining. Bell Media Expands Crave to Offer More Leading Content in One Powerful Service

Bell Media Announces 2025/26 Original Content Slate

Bell Marketing Platform Partners with The Trade Desk for Seamless Access to Premium Marketing Solutions

Bell Media Launches Innovative Advertising Pilot with Autonomous City Delivery Program in Toronto

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