NAS10029,644+0.67%S&P7,651+0.17%GOLD$4,416+0.37%BTC$81,118+6.17%VIX14.81−4.08%live tape · as of 19:00 UTC
The Screen · Communication Services · Telecom Services
BCE Inc
BCE · the NYSE · USD · Market cap $20.8B · 38,683 employees
BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.
FAIL · Does not pass the screen
22.28 USD
At the last full screen 2026-09-17
Screened 2026-09-17 · the tape above runs as of 19:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
BCE Inc holds its Markdown at $22.28. Consolidating, no directional conviction, held for 2 days.
As held on the ledger · 2026-09-17
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 2 days
Price at the screen
$22.28
Valuation
4.59 trailing · 11.69 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.61
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
51.22%
Below 33%
Interest-bearing debt is 51.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
1.49%
Below 33%
Cash held in interest-bearing accounts and securities is 1.5% of assets, under the one-third limit.
Pass
Receivables
5.33%
Below 49%
Money owed to the company is 5.3% of assets, under the 49% limit.
Pass
Revenue purity
0.32%
Below 5%
Only 0.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-17 screen. The gold marker is the market price at the same screen. The price runs 0.9% above the base estimate.
Third-party analyst targets: 3 covering, consensus Buy. The average target sits +21% from the screen price.
Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-17 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Daily Canadian calls and fibre at fair value
Millions of Canadians pay their monthly bills for wireless, broadband and television without much thought. BCE sits at the centre of that steady flow, delivering a 26 percent profit margin and 31 percent return on equity from its core network. The shares sit only four percent below our fair value estimate, so the business offers reliability rather than any real bargain.
Revenue is growing at four percent a year and the forward multiple of 11.5 times earnings reflects a narrow moat that still generates solid cash. Analysts see modest upside to twenty five dollars, yet our screen shows no meaningful opportunity once that thin margin of safety is taken into account.
Competition from newer fibre builders and possible regulatory pressure on pricing keep the risk profile honest. Currency moves and slower household spending would hit earnings quickly. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Canada and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BCE trades on the NYSE (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-22Markup · changed$23.32+6.8%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 6.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 16%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (3 analysts) rates it buy, with a mean price target of $27.
2026-07-22Accumulation$21.84-11.2%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 11.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 16%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (3 analysts) rates it buy, with a mean price target of $27.
2026-07-18Accumulation$24.59+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 16%. Our forward projection puts the odds of a 10% gain over the next month near 7%. The street (3 analysts) rates it buy, with a mean price target of $27.
2026-07-03Accumulation$24.59+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Accumulation$24.59Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
