Improved Long-Term Outlook And Ongoing Risks Will Shape Performance Through 2028

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

10 Nov 24

Updated

11 Dec 25

Views

2.2k

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

0.1%

7D

4.8%

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1Y

0.1%

7D

4.8%

You can edit this narrative until Dec 12 11:05 AM. Then, changes will post as Updates.

Author's Valuation

CA$36.471.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

BCE: Share Price Will Rise On Clearer Outlook And Recent Rating Upgrades

Analysts have nudged their average price target for BCE modestly higher to C$34 to C$37 per share, citing improved confidence in the company’s multi year outlook, a better growth and balance sheet trajectory, and expectations for gradual revenue and EBITDA reacceleration from 2026. Analyst Commentary Recent research updates reflect a more constructive stance on BCE, with several firms lifting ratings and targets as they recalibrate models to the company’s longer term guidance and post selloff valuation.

Shared on 27 Nov 25

Fair value Increased 0.16%

BCE: Share Price Will Rise On Improved Outlook And Recent Upgrades

The analyst price target for BCE has increased modestly, with several firms now seeing improved growth prospects and balance sheet strength. This has led to higher targets such as C$37 from C$35, as analysts cite greater confidence in the company's outlook through 2028.

Shared on 13 Nov 25

Fair value Increased 0.73%

BCE: Share Price Will Benefit From Improved Outlook Through 2028

Analysts have raised their price targets for BCE by approximately C$2 to C$3 per share. This reflects increased confidence in the company's improving growth prospects and balance sheet outlook.

Shared on 30 Oct 25

Fair value Increased 0.49%

BCE's analyst price target has modestly increased from C$35.97 to C$36.15 as analysts cite improved confidence in the company's long-term outlook and gradual earnings growth following recent upgrades and an encouraging investor day. Analyst Commentary Recent analyst actions reflect a shift in sentiment toward BCE, as well as a recognition of both the company's improved prospects and remaining challenges.

Shared on 15 Oct 25

Fair value Increased 1.58%

BCE's analyst price target has increased from C$35.41 to C$35.97 as analysts express greater confidence in the company's growth outlook and balance sheet trajectory, following recent upgrades and positive research commentary. Analyst Commentary Recent analyst activity around BCE has been notably positive, reflecting shifting outlooks following the company's recent investor event and quarterly results.

Shared on 04 Sep 25

Analysts modestly raised their price targets for BCE reflecting improved long-term growth prospects and synergies from the Ziply acquisition, but maintained a balanced risk-reward view amid stable fundamentals, resulting in no net change to the consensus price target, which remains at CA$35.41. Analyst Commentary Bullish analysts increased price targets following the completion of the Ziply deal, which is expected to enhance BCE's long-term growth prospects.

Shared on 01 May 25

Fair value Increased 2.29%

Shared on 23 Apr 25

Fair value Decreased 0.75%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.85%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.57%

AnalystConsensusTarget has decreased revenue growth from 1.2% to 0.9%.

Shared on 02 Apr 25

Fair value Decreased 0.34%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 3.48%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 7.29%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 0.15%

AnalystConsensusTarget Fair Value

CA$36.47

1.4% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

1.90%

Telecom Services and Carriers revenue growth rate

2.46%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.66%

Calculation

CA$1.27b

Earnings '28

x

34.54x

PE Ratio '28

=

CA$43.83b

Market Cap '28

CA$43.83b

Market Cap '28

/

965.38m

No. shares '28

=

CA$45.40

Share Price '28

CA$45.40 Share Price '28

Discounted to 2025 @ 7.59% p.a.

=

CA$36.46

Fair Value '25