Canaccord upgrades BCE stock to Buy with CAD 32.00 target

Published on 10/15/2026 at 22:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BCE's 52-week high is EUR 22.67. BCE stock costs EUR 17.98 at Lang & Schwarz on October 15, 2026, 20.69 percent below its high during after-hours trading.

Target and valuation

Canaccord Genuity moved BCE to Buy and set a CAD 32.00 target on October 13, 2026.
BCE stock sits 20.69 percent below its EUR 22.67 52-week high on October 15, 2026.
BCE stock costs EUR 17.98 at Lang & Schwarz on October 15, 2026 at 10:40 p.m. CEST, 20.69 percent below the 52-week high.
BCE has a price-to-earnings ratio of 4.23 and a dividend yield of 6.00 percent.

BCE, CA05534B7604, Illustration mit AI erstellt.

BCE stock remains under a recent analyst upgrade, with Canaccord Genuity moving the rating from Hold to Buy and setting a CAD 32.00 price target on October 13, 2026. The target was cited by The Cerbat Gem, which reported potential upside of 14.70 percent from the price used in its report. BCE stock was trading at EUR 17.98 at Lang & Schwarz on October 15, 2026 at 10:40 p.m. CEST.

Stock stays near its yearly low

The euro quotation stood EUR 4.69 below BCE's 52-week high of EUR 22.67 and EUR 1.26 above its 52-week low of EUR 16.72 on October 15, 2026. That places the stock 20.69 percent below the high and 7.54 percent above the low, leaving the lower end of the annual range as the more immediate chart reference.

The latest German-market quote also showed a bid of EUR 17.90 and an ask of EUR 18.07. The spread between those prices was EUR 0.17, while the reported daily range extended from EUR 17.42 to EUR 18.27 on the same date.

Valuation leaves income in view

BCE carried a market capitalization of USD 18.8 billion as of October 15, 2026, alongside a price-to-earnings ratio of 4.23 and a trailing dividend yield of 6.00 percent. Those figures frame the analyst target as an income and valuation discussion rather than a pure growth trade. The target of CAD 32.00 is a separate home-market valuation marker and is not converted into the euro quotation.

BCE reported second-quarter revenue of CAD 6.18 billion and earnings per share of CAD 0.65 for the period ended June 30, 2026, according to The Cerbat Gem. The quarterly figure gives the valuation a current operating reference, while the high dividend yield keeps cash distribution central to the stock discussion.

Comparison with peers

BCE: P/E 4.23, dividend yield 6.00 percent, market capitalization USD 18.8 billion
Telus (TSX, CAD): P/E minus 20.68, dividend yield 12.00 percent, market capitalization CAD 18.7 billion
Rogers Communications (TSX, CAD): P/E 3.93, dividend yield 4.00 percent, market capitalization CAD 24.4 billion

Price position after hours

The valuation picture combines a low price-to-earnings ratio with a substantial dividend yield, but the stock remains closer to its 52-week low than its high. The next market session will determine whether the analyst upgrade is reflected in the euro quotation.

The further course of trading is shown by the continuously updated real-time quote of BCE stock.