BCE
BCE Inc.
BCE has the edge over VZ overall, supported by stronger fundamentals and stronger valuation.
VZ
Verizon Communications Inc.
VZ's outlook is improving, though it still trails on the overall score.
BCE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Stable |
BCE's profitability is currently strong, and its revenue, cash flow and balance sheet are stable.
VZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
BCE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 4.5x | $21.35 | — |
| Cheap | 17x | $80.60 | +278% |
| Fair | 20x | $96.55 | +352% |
| Expensive | 23x | $109 | +411% |
Historical ranges are pointers, not guarantees.
BCE has the edge over VZ in the historical PE scenario, which offers more potential upside but is not a forecast.
VZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $32.43 | -30% |
| Forward | 9x | $46.55 | — |
| Fair | 11x | $43.63 | -6.3% |
| Current | 12x | $46.55 | — |
| Expensive | 14x | $56.75 | +22% |
Historical ranges are pointers, not guarantees.
VZ's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 9.0x next year's earnings, in its cheap range.
BCE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect BCE's earnings, revenue and profitability to hold roughly steady.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
VZ has the edge over BCE on the outlook, with more favorable earnings and profitability expectations.
BCE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.74 | +1381% |
| Q1 2026 | $4.75 | +1483% |
| Q4 2025 | $4.77 | +3569% |
| Q3 2025 | $4.67 | +7683% |
| Q2 2025 | $0.32 | -79% |
| Q1 2025 | $0.30 | -78% |
| Q4 2024 | $0.13 | -92% |
| Q3 2024 | $0.06 | -96% |
BCE has the edge over VZ on earnings, with stronger typical year-over-year growth.
VZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | +32% |
| Q3 2026 | $3.93 | -16% |
| Q2 2026 | $3.85 | -10% |
| Q1 2026 | $4.11 | -2.1% |
| Q4 2025 | $4.06 | -1.9% |
| Q3 2025 | $4.68 | +103% |
| Q2 2025 | $4.29 | +61% |
| Q1 2025 | $4.20 | +57% |
| Q4 2024 | $4.14 | +51% |
VZ's earnings per share have fallen from their peak: $3.93 over the past year, against $5.34 in late 2021.
BCE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.3B | +1.5% |
| Q1 2026 | $4.3B | +4.3% |
| Q4 2025 | $4.5B | -0.6% |
| Q3 2025 | $4.3B | +1.3% |
| Q2 2025 | $4.3B | +1.3% |
| Q1 2025 | $4.2B | -1.3% |
| Q4 2024 | $4.5B | -0.8% |
| Q3 2024 | $4.2B | -1.8% |
BCE's revenue grew through 2024 and has held roughly level since: $4.3B last quarter, up 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 21% | -1.3 points |
| Q1 2026 | 21% | -1 points |
| Q4 2025 | 104% | +83 points |
| Q3 2025 | 24% | -0.5 points |
| Q2 2025 | 23% | -1 points |
| Q1 2025 | 22% | 0 points |
| Q4 2024 | 21% | +0.8 points |
| Q3 2024 | 25% | +25 points |
BCE's operating margin was 21% last quarter, down 1.3 points from the same quarter a year ago.
VZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.3B | +1.5% |
| Q2 2026 | $34.3B | -0.7% |
| Q1 2026 | $34.4B | +2.9% |
| Q4 2025 | $36.4B | +2% |
| Q3 2025 | $33.8B | +1.5% |
| Q2 2025 | $34.5B | +5.2% |
| Q1 2025 | $33.5B | +1.5% |
| Q4 2024 | $35.7B | +1.6% |
VZ has the edge over BCE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 21% | -2.7 points |
| Q1 2026 | 24% | +0.1 points |
| Q4 2025 | 14% | -7.1 points |
| Q3 2025 | 24% | +6.2 points |
| Q2 2025 | 24% | -0.2 points |
| Q1 2025 | 24% | +1 points |
| Q4 2024 | 21% | +19 points |
VZ has the edge over BCE on profitability, with a higher operating margin.
BCE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $761M | -8.6% |
| Q1 2026 | $217.1M | -47% |
| Q4 2025 | $171.5M | -62% |
| Q3 2025 | $717.1M | +17% |
| Q2 2025 | $832.4M | +40% |
| Q1 2025 | $411.3M | +510% |
| Q4 2024 | $446.5M | -37% |
| Q3 2024 | $615.2M | +48% |
BCE still generates free cash flow, though less than at its 2020 peak: $1.9B over the past year.
VZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.5B | +2.2% |
| Q2 2026 | $10.4B | +16% |
| Q1 2026 | $8B | +2.6% |
| Q4 2025 | $9.1B | -13% |
| Q3 2025 | $11.3B | +14% |
| Q2 2025 | $9B | -5.4% |
| Q1 2025 | $7.8B | +9.9% |
| Q4 2024 | $10.4B | +20% |
VZ has the edge over BCE on cash flow, with more consistent year-over-year improvement.
BCE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +1.6M shares |
| 3 years | +2.2% | +20M shares |
| 5 years | +3% | +27.2M shares |
| Available history | +3.4% | +30.3M shares |
BCE has 933M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $44.3M |
| Q1 2026 | $66.3M |
| Q4 2025 | $27.4M |
| Q3 2025 | $47.1M |
| Q2 2025 | $27.4M |
| Q1 2025 | $49.3M |
| Q4 2024 | $31.8M |
| Q3 2024 | $29.5M |
BCE spent $185M buying back its own shares over the past year, up 34% from the year before.
VZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -10M shares |
| 1 year | -1.7% | -72M shares |
| 3 years | -1.3% | -55M shares |
| 5 years | +0.4% | +17M shares |
| Available history | +0.5% | +21M shares |
VZ has the edge over BCE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
BCE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 4.6x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 4.8x | High |
| Q3 2024 | 5.0x | High |
BCE has the edge over VZ on leverage, with a lower net debt burden relative to earnings.
VZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.3x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
VZ's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
BCE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 46.3 | Neutral |
BCE's weekly RSI is 46 (neutral) and its Stochastic is 46 (neutral).
VZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 44.6 | Neutral |
VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
BCE PE vs Communication Services Sector
| Metric | BCE | Sector median | Relative |
|---|---|---|---|
| PE | 4.5x | 16x | 73% below |
| PE % | 3 | 26 | 23 pts below |
BCE has the edge over VZ on valuation relative to its sector.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.
BCE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.5 | 4.4% above |
| 20 week MA | $21.7 | 1.5% below |
| 50 week MA | $23.4 | 8.6% below |
| 100 week MA | $23.3 | 8.3% below |
| 200 week MA | $30.9 | 31% below |
BCE has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 31% below its 200-week average.
VZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.1 | 3.1% above |
| 20 week MA | $46.3 | 0.5% above |
| 50 week MA | $46.1 | 1.1% above |
| 100 week MA | $44.2 | 5.4% above |
| 200 week MA | $41.4 | 12% above |
VZ has the edge over BCE on trend strength, trading above more of its moving averages.
BCE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.3 | $42.8 | -7.7% |
| 2021 | $42.8 | $51.3 | +20% |
| 2022 | $51.3 | $44.2 | -14% |
| 2023 | $44.2 | $39.4 | -11% |
| 2024 | $39.4 | $22.7 | -42% |
| 2025 | $22.7 | $23.1 | +1.7% |
| 2026 YTD | $23.1 | $21.4 | -7.4% |
BCE has finished lower in four of the last six years. It's down 7.4% so far in 2026.
VZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.5 | $58.8 | -4.4% |
| 2021 | $58.8 | $52.7 | -10% |
| 2022 | $52.7 | $38.4 | -27% |
| 2023 | $38.4 | $37.7 | -1.8% |
| 2024 | $37.7 | $39.9 | +5.9% |
| 2025 | $39.9 | $40.5 | +1.4% |
| 2026 YTD | $40.5 | $46.6 | +15% |
VZ has the edge over BCE on returns for 2026, with the stronger performance.