BCE stock falls 1.53 percent as analysts lift price targets

Published on 09/28/2026 at 20:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BCE stock carries a CAD 43.00 Desjardins target, raised from CAD 41.00 on September 17, 2026. The TSX close was CAD 29.69 on September 25, 2026, 18.10 percent below the 52-week high.

BCE, CA05534B7604, Illustration mit AI erstellt.

BCE (CA05534B7604) stock closed at CAD 29.69 on the Toronto Stock Exchange on September 25, 2026, down 1.53 percent for the session. The key counterpoint is a September 17 target increase from Desjardins, which lifted its price target from CAD 41.00 to CAD 43.00 and kept a Buy rating, according to MarketBeat.

Target rises while shares weaken

The September 25 close sat CAD 6.56 below BCE's 52-week high of CAD 36.25, a gap of 18.10 percent. The same Toronto session opened at CAD 30.15, reached CAD 30.16, touched CAD 29.53 and traded 5,480,000 shares, according to the historical price record.

The valuation picture is also defined by a wide gap between market price and research targets. MarketBeat reported an average 12-month target of CAD 37.69 from 13 research firms on September 27, 2026, with eight Buy ratings, one Strong Buy and four Holds.

Q2 revenue grows 1.5 percent

BCE's latest reported quarter was Q2 2026, ended June 30. Consolidated revenue increased 1.5 percent year over year to CAD 6.18 billion, while adjusted EBITDA grew 1 percent and the adjusted EBITDA margin held at 43.8 percent, ScanX News reported.

Adjusted EPS rose CAD 0.02 from the prior-year quarter to CAD 0.65, while free cash flow exceeded CAD 1.0 billion. The result gives the price-target debate a measurable operating base, but the 1.5 percent revenue increase remains modest beside the company's large capital needs.

Guidance points to steady execution

For fiscal 2026, BCE raised adjusted EPS guidance to CAD 1.80-CAD 1.92 from CAD 1.79-CAD 1.91 and lifted sales guidance to CAD 17.851 billion-CAD 18.558 billion from CAD 17.725 billion-CAD 18.426 billion, according to ScanX News on August 6, 2026. The revised sales range places the midpoint at CAD 18.2045 billion, compared with CAD 18.0755 billion previously, a CAD 0.129 billion increase.

Stock remains below yearly high

BCE's market capitalization was CAD 27.7 billion as of September 25, 2026. The stock's CAD 29.53 to CAD 36.25 52-week range leaves the Toronto-listed shares near the bottom of that band, while the latest quarterly figures show modest revenue growth and a 43.8 percent adjusted EBITDA margin.