BCE (TSE:BCE) Price Target Raised to C$40.50 at Desjardins

BCE (TSE:BCE) (NYSE:BCE) had its target price upped by Desjardins from C$40.00 to C$40.50 in a research report report published on Sunday morning,BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for BCE’s Q2 2025 earnings at $0.67 EPS, FY2027 earnings at $2.80 EPS and FY2027 earnings at $2.79 EPS.

BCE has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on BCE from C$28.00 to C$29.00 in a research note on Monday, May 12th. UBS Group cut their target price on BCE from C$34.00 to C$32.00 in a research note on Wednesday, May 21st. BMO Capital Markets cut their target price on BCE from C$51.00 to C$35.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 5th. Scotiabank upgraded 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. Finally, National Bankshares set a C$35.00 target price on BCE and gave the company an “outperform” rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$34.42.

BCE Trading Up 0.6%

TSE BCE opened at C$33.77 on Friday. The stock has a market capitalization of C$30.59 billion, a price-to-earnings ratio of 113.29, a PEG ratio of 4.67 and a beta of 0.48. The stock’s 50 day moving average price is C$31.67 and its two-hundred day moving average price is C$31.90. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. BCE has a 52 week low of C$28.73 and a 52 week high of C$49.13.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.2%. BCE’s dividend payout ratio is currently 1,338.57%.

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.