The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

BCE.TO

Concerning the House

BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Communication and Technology Services Canada, Bell Communication and Technology Services United States, and Bell Media. The Bell Communication and Technology Services Canada segment provides wireless products and services, including mobile data and voice plans, streaming services, and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and AI-driven and business solutions, as well as voice, and other communication services and products, satellite TV and connectivity services for residential, small and medium-sized business, and large enterprise customers. This segment also buys and sells local telephone, long distance, and data and other services to resellers and other carriers. The Bell Communication and Technology Services United States segment provides wireline communication products and services comprising data, including broadband Internet, commercial ethernet, dedicated Internet-non-switched access, and other data transport networking options; and voice, including traditional and voice over Internet protocol voice services, such as local, long distance, and unified communications as a service and video products to residential, business, and wholesale customers. The Bell Media segment provides a portfolio of video, audio, out-of-home advertising, and digital media services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

Canada · www.bce.ca

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$5.93B$6.08B$6.05B$6.40B
Gross profit$4.04B$4.17B$4.28B$4.25B
Operating income$1.29B$1.39B$1.45B$1.29B
Net income$671.00M$619.00M$4.54B$630.00M
Diluted EPS0.680.630.64
Free cash flow$842.00M$1.18B$1.02B$244.00M
CapEx-$729.00M-$763.00M-$894.00M-$1.32B
Quotation

$32.46

+0.23 (+0.7%)

52w hi$35.21
52w lo$29.69
Vol2.45M
As ofAug 13
The Verdict

Sell

Our score -0.55

Short-0.46
Medium-0.75
Long-0.35

computed 2026-08-13

By the Numbers

BCE Inc.

Communication Services · Telecom Services

Market cap$30.27B
Enterprise value$74.88B
Trailing P/E4.82x
Forward P/E12.17x
EV / EBITDA8.61x
P / S (ttm)1.22x
Profit margin25.9%
Return on equity30.5%
Revenue growth+1.5%
Earnings growth-3.8%
Debt / equity172.78
Risk Metrics
Beta vs SPX-0.19
Corr SPX-0.14
Annual vol22.8%
Annual ret-17.2%
Sharpe-0.75
Max DD-39.9%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.28
Sector-0.02
Technical-0.27
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$32.30$32.49$32.05$32.462.45M
Aug 12$32.39$32.39$31.97$32.232.74M
Aug 11$31.90$32.62$31.89$32.484.78M
Aug 10$31.59$31.69$31.24$31.384.43M
Aug 7$31.81$31.96$31.49$31.672.82M