RBC cuts target for BCE stock to CAD 34.00

Published on 10/20/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canaccord kept its CAD 32.00 target on October 13, 2026. BCE stock costs EUR 17.80 on October 20, 2026, minus 0.28 percent versus Tradegate close.

RBC target cut and results date

RBC cut its BCE target from CAD 36.00 to CAD 34.00 on October 16, 2026.
Canaccord kept a CAD 32.00 target after upgrading BCE to Buy on October 13, 2026.
BCE stock costs EUR 17.80 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 0.28 percent below the Tradegate close of October 19, 2026.

BCE, CA05534B7604, Illustration mit AI erstellt.

BCE Inc. (ISIN CA05534B7604) faced a lower analyst target after RBC cut its view from CAD 36.00 to CAD 34.00 while keeping an Outperform rating on October 16, 2026, as reported by MarketScreener. BCE stock was trading at EUR 17.80 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 0.28 percent below the Tradegate close of October 19, 2026 at EUR 17.85.

Canaccord keeps a CAD 32.00 target

Canaccord upgraded BCE from Hold to Buy on October 13, 2026 and kept its CAD 32.00 target, according to Markets Insider. Against BCE's TSX price of CAD 28.14 at 2:28 p.m. EDT on October 20, 2026, the RBC target of CAD 34.00 is 20.83 percent above the stock price.

What does the target imply?

The analyst gap remains wide even after RBC's cut. RBC's CAD 34.00 target is CAD 2.00 below its former target, while Canaccord's CAD 32.00 view is CAD 2.00 below the current RBC target.

Stock stays near its yearly low

BCE traded between CAD 26.66 and CAD 36.25 over the 52 weeks through October 20, 2026. Its CAD 28.14 TSX price was 4.10 percent above the yearly low and 22.37 percent below the yearly high. Market capitalization stood at CAD 26.2 billion and the price-to-earnings ratio was 4.17 on the same date.

Results date and operating figures

BCE is scheduled to announce third-quarter 2026 results on November 5, 2026, according to Yahoo Finance. In the second quarter of 2026, revenue increased 1.50 percent year over year, adjusted EBITDA rose 1.00 percent and free cash flow exceeded CAD 1.0 billion, according to the Yahoo Finance transcript.

Comparison with peers

AT&T (NYSE, USD): up 1.57 percent, P/E 7.83, market capitalization USD 161.5 billion.

Verizon Communications (NYSE, USD): up 0.96 percent, P/E 11.61, market capitalization USD 185.2 billion.

Price and analyst targets

RBC's lower target keeps attention on valuation, while the November 5 reporting date offers the next company-specific test for BCE's operating trend. BCE was trading at EUR 17.80 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 0.28 percent below the Tradegate close of October 19, 2026 at EUR 17.85. The further course of trading is shown by the continuously updated real-time quote of BCE stock.