BCE (TSE:BCE) Upgraded at Desjardins

Key Points

• BCE has been upgraded from a "hold" rating to a "buy" rating by Desjardins, with a new price target of C$40.00, indicating a potential upside of 22.25%.
• Other brokerages have varied responses, with UBS lowering its price target to C$32.00, while Scotiabank issued a strong buy rating at C$39.00.
• BCE, a major wireless and internet service provider in Canada, has a market capitalization of C$29.64 billion and is among the top three national wireless carriers.

BCE (TSE:BCE - Get Free Report) NYSE: BCE was upgraded by equities research analysts at Desjardins from a "hold" rating to a "moderate buy" rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a C$40.00 price objective on the stock, up from their prior price objective of C$39.00. Desjardins' price objective would suggest a potential upside of 25.00% from the company's current price. 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 weighed in on BCE. Scotiabank upgraded shares of BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 price objective for the company in a report on Monday, June 2nd. UBS Group decreased their target price on BCE from C$34.00 to C$32.00 in a research report on Wednesday, May 21st. Cibc World Mkts downgraded 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 shares of BCE and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, Canaccord Genuity Group increased their price objective on shares of BCE from C$31.50 to C$32.00 and gave the company a "hold" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$34.21.

BCE Stock Performance

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's 50-day moving average is C$31.40 and its 200 day moving average is C$31.92. The stock 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 debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43.

About BCE

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.