BCE Gets Hold Rating from RBC Capital, Maintains $35 Price Target

BCE (BCE) received a Hold rating from RBC Capital with a price target of C$35.00. The company's shares closed at $23.83. Analyst Don Mcreynolds has a 4-star rating with a 55.04% success rate. The word on the street suggests a Hold consensus rating with a $24.48 average price target, a 2.73% upside from current levels. BCE reported Q1 revenue of $5.93 billion and net profit of $671 million, compared to $6.01 billion and $449 million last year. Corporate insider activity shows a negative sentiment with an increase in insiders selling shares.

Bell Canada Enterprises (BCE) has received a Hold rating from RBC Capital with a price target of C$35.00, according to the latest analyst report. The company's shares closed at C$23.83 on July 2, 2025. Analyst Don McReynolds, who has a 4-star rating with a 55.04% success rate, supports the Hold consensus rating with an average price target of C$24.48, representing a 2.73% upside from current levels.

BCE reported Q1 revenue of C$5.93 billion and net profit of C$671 million, compared to C$6.01 billion and C$449 million in the same period last year. The company's corporate insider activity indicates a negative sentiment, with an increase in insiders selling shares.

Analysts like RBC Capital have cited a high single-digit free cash flow yield based on 2025 estimates and the opportunity to compound that FCF at a double-digit CAGR through 2030. However, the firm maintained its Q2/25 EBITDA estimate at C$336 million, below consensus due to expectations of lower margins from a manufacturing-heavy revenue mix compared to services. The 2025 EBITDA forecast remains at C$1,579 million, above consensus, while the free cash flow projection of C$795 million sits at the high end of Bombardier’s guidance range of C$500-C$800 million.

BCE's stock has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Cormark, Desjardins, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days. The consensus rating for BCE is Hold while the average consensus rating for "communication services" companies is Moderate Buy. Analysts like BCE less than other "communication services" companies.

References:
[1] https://www.marketbeat.com/stocks/TSE/BCE/forecast/
[2] https://www.investing.com/news/analyst-ratings/bombardier-stock-price-target-raised-to-c175-from-c108-at-rbc-capital-93CH-4125107