RBC keeps CAD 34.00 target for BCE stock

Published on 10/17/2026 at 19:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 4.35 billion and earnings per share USD 0.47. BCE stock costs CAD 28.73 on October 16, 2026 on TSX, up 0.52 percent.

Analyst view and market measures

RBC Capital maintained a Buy rating and set a CAD 34.00 target on October 15, 2026.
BCE reported USD 4.35 billion in revenue and USD 0.47 earnings per share for its latest quarter.
BCE stock costs CAD 28.73 on October 16, 2026 at 4:00 p.m. ET on the TSX, up 0.52 percent versus the prior close of October 15, 2026.
Bell Let's Talk Day is scheduled for January 26, 2027.

BCE, CA05534B7604, Illustration mit AI erstellt.

BCE (ISIN CA05534B7604) has a CAD 34.00 analyst target that stands 18.34 percent above its October 16, 2026 TSX price of CAD 28.73. Markets Insider reported that RBC Capital maintained a Buy rating and set the target on October 15, 2026. BCE stock last traded at CAD 28.73 on October 16, 2026 at 4:00 p.m. ET on the Toronto Stock Exchange, up 0.52 percent from CAD 28.58.

Quarterly figures set the earnings base

BCE's latest reported quarter produced USD 4.35 billion in revenue and USD 0.47 in earnings per share, versus USD 0.46 expected. MarketBeat reported the figures with the company's latest quarterly results on August 6, 2026. The one-cent earnings-per-share difference gives the analyst target a fundamental reference point, while revenue matched the cited estimate.

Price position remains central

On October 16, 2026, BCE's TSX price stood at CAD 28.73, with 3,350,930 shares traded against an average volume of 4,757,487 shares. The 52-week range was CAD 26.66 to CAD 36.25, placing the stock 7.76 percent above its low and 20.75 percent below its high. The market value was CAD 26.8 billion.

Valuation and the next date

The reported price-to-earnings ratio was 4.26 and the dividend yield was 6.00 percent as of October 16, 2026. The valuation picture therefore combines a low reported earnings multiple with a sizeable income yield, while the analyst target remains CAD 34.00. Borse Express identified January 26, 2027 as the next Bell Let's Talk Day, a corporate event rather than an earnings date.

Comparison with peers

BCE: plus 0.52 percent, P/E 4.26, market capitalization CAD 26.8 billion.

TELUS Corporation (TSX, CAD): plus 0.51 percent, market capitalization CAD 18.8 billion.

Rogers Communications (TSX, CAD): minus 0.07 percent, P/E 3.93, market capitalization CAD 24.4 billion.

What the valuation leaves open

BCE's October 16 price was below the analyst target and below the top of its 52-week range. The next useful test is whether future operating figures can support the earnings and income profile reflected in the current valuation.

Market context: Market report S&P/TSX Composite.