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Highlights

  • Desjardins increases BCE target price from CAD 40.00 to CAD 40.50, maintaining “buy” rating
  • Analysts’ target prices range widely from CAD 32.00 to CAD 52.00, reflecting varied outlooks

BCE Inc. (TSE: BCE, NYSE: BCE) has seen its price objective lifted by research firm Desjardins, which increased its target from CAD 40.00 to CAD 40.50 in a recent report. Desjardins continues to assign a “buy” rating on the stock, signaling expectations of upside potential based on current valuations and operational forecasts. The brokerage’s revised target price implies a potential gain of approximately 20.86% from the stock’s last closing price.

Desjardins also provided updated earnings estimates for BCE, projecting second-quarter 2025 earnings per share (EPS) of USD 0.67 and fiscal year 2027 EPS around USD 2.80. These estimates are part of the rationale for the maintained positive stance by Desjardins.

However, other analyst opinions on BCE show a range of views. UBS Group recently lowered its price target from CAD 34.00 to CAD 32.00. Similarly, CIBC decreased its target price significantly from CAD 52.00 to CAD 33.00 while assigning a “neutral” rating. On the other hand, Scotiabank upgraded BCE from “hold” to “strong-buy” with a target of CAD 39.00. TD Securities raised their price target from CAD 33.00 to CAD 35.00 but retained a “hold” rating, and National Bankshares set a target of CAD 35.00 with an “outperform” rating.

The diversity in analyst ratings reflects some uncertainty about BCE’s near-term growth prospects and valuation levels. Within that group, two analysts recommend selling, seven recommend holding, two suggest buying, and two rate it as a strong buy.

BCE is a major player in Canada’s telecommunications sector, providing wireless, broadband, television, and landline phone services. As one of the “Big Three” wireless carriers in Canada, it serves about 10 million customers, representing roughly 30% of the market share. Additionally, BCE operates as the incumbent local exchange carrier (ILEC) across much of eastern Canada, including populous provinces such as Ontario and Quebec.