BCE (TSE:BCE) Stock Rating Upgraded by Desjardins

BCE (TSE:BCE) (NYSE:BCE) was upgraded by research analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a C$40.00 target price on the stock, up from their previous target price of C$39.00. Desjardins’ target price would suggest a potential upside of 25.00% from the company’s previous close. Desjardins also issued estimates for BCE’s Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.62 EPS and FY2026 earnings at $2.76 EPS.

A number of other brokerages have also recently weighed in on BCE. Cibc World Mkts cut shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. National Bankshares set a C$35.00 price target on BCE and gave the stock an “outperform” rating in a research note on Friday, June 6th. CIBC reduced their price objective on BCE from C$52.00 to C$33.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Canaccord Genuity Group boosted their target price on BCE from C$31.50 to C$32.00 and gave the stock a “hold” rating in a report on Friday, May 9th. Finally, Scotiabank raised BCE from a “hold” rating to a “strong-buy” rating and set a C$39.00 target price on the stock in a research note on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$34.21.

BCE Stock Down 1.4%

Shares of BCE stock opened at C$32.00 on Tuesday. BCE has a 1 year low of C$28.73 and a 1 year high of C$49.13. The firm has a market cap of C$28.99 billion, a price-to-earnings ratio of 107.35, a PEG ratio of 4.67 and a beta of 0.48. The company has a 50-day moving average of C$31.40 and a 200 day moving average of C$31.92. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.