Should I Buy BCE? BCE 2026 Analysis

Should You Buy BCE Inc (BCE) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

25.080

1 Day change

-1.92%

52 Week Range

26.490

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient entry: the setup is extended (RSI extremely overbought) and price is pressing into nearby resistance.
With earnings (QDEC 2025) due pre-market 2026-02-05, the near-term risk/reward is not attractive for a fresh chase at current levels.
Intellectia signals are not providing a “must-buy-today” edge (no AI Stock Picker or SwingMax entry), so there’s no proprietary confirmation to override the overbought/earnings timing.

Technical Analysis

Trend: Bullish (SMA_5 > SMA_20 > SMA_200) with positive momentum (MACD histogram 0.136 and expanding).
Overbought: RSI_6 = 84.656 suggests price is stretched and prone to a pullback/consolidation.
Levels: Pivot 25.321; immediate resistance R1 26.051 (price ~26.03 pre-market) and R2 26.502; support S1 24.592.
Short-horizon pattern stats: Similar-pattern projection shows slightly negative bias next day/week (-0.52% / -1.27%), with a better 1-month skew (+2.47%).
Intellectia Proprietary Trading Signals: - AI Stock Picker: No signal on given stock today. - SwingMax: No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/Sentiment: Open interest put-call ratio 0.23 is call-heavy (bullish positioning); volume put-call ratio 0.58 also leans bullish.
Volatility: 30D IV 26.78 vs historical vol 24.63 (slight premium), but IV percentile 23.6 / IV rank 4.54 indicates IV is low vs its own history (options relatively “cheap”).
Activity: Today’s volume 667 is below 30D average (~84%), suggesting no strong urgency/large speculative crowding today.

Technical Summary

Sell

Buy

Positive Catalysts

- Analyst tone has improved recently with multiple upgrades and higher targets (supports a rebound narrative).
- Bullish technical trend (stacked moving averages + expanding positive MACD).
- Options positioning is call-skewed and IV is relatively low, which can support continued upside if earnings/results cooperate.
- Upcoming earnings (QDEC 2025 on 2026-02-05 pre-market) can act as a catalyst if guidance/FCF/dividend optics surprise positively.

Neutral/Negative Catalysts

- RSI is extremely overbought (84.7), increasing odds of near-term pullback right as price approaches resistance (~26.05 and 26.50).
- Structural headwinds noted by analysts (competition/industry pressures) still expected to weigh on growth.
- Latest reported quarter showed major profitability/EPS deterioration (headline weakness even if partly one-off).
- No supportive proprietary timing signal today (neither AI Stock Picker nor SwingMax), reducing confidence in “buy now” timing.

Financial Performance

Latest quarter provided: 2025/Q3.
Revenue: 6.049B, +1.31% YoY (modest top-line growth).
Profitability: Net income 4.502B, -463.95% YoY; EPS 4.83, -455.15% YoY (very large decline vs prior year, a key negative trend in reported earnings quality).
Margins: Gross margin 49.18%, -1.36% YoY (slight compression).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Clear improvement vs late 2025—multiple upgrades and higher/maintained targets.
Key moves: Barclays upgraded to Equal Weight (PT $26 from $21, 2026-01-27); BMO upgraded to Outperform (PT C$37, 2025-12-11); CIBC upgraded to Outperformer (PT C$37, 2025-12-08).
Offsetting history: Barclays previously cut PT and held Underweight after Q3 (PT $21 from $22 on 2025-11-10), highlighting ongoing skepticism about structural growth.
Wall Street “pros” view: improving competitive momentum, de-risked dividend/FCF narrative, better risk/reward after drawdown.
Wall Street “cons” view: structural headwinds and growth constraints remain; recent financial headline deterioration keeps fundamental confidence mixed.

11 Analyst Rating

Wall Street analysts forecast BCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BCE is 26.09 USD with a low forecast of 21 USD and a high forecast of 30.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

4 Hold

2 Sell

Moderate Buy

Current: 25.570

Low

Averages

26.09

High

30.23

Current: 25.570

Low

Averages

26.09

High

30.23

JPMorgan

Neutral

maintain

$33 -> $37

AI Analysis

2026-02-06

New

Reason

JPMorgan

Price Target

$33 -> $37

AI Analysis

2026-02-06

New

maintain

Neutral

Reason

JPMorgan raised the firm's price target on BCE to C$37 from C$33 and keeps a Neutral rating on the shares.

Canaccord

Hold

maintain

$35

2026-02-06

New

Reason

Canaccord

Price Target

$35

2026-02-06

New

maintain

Hold

Reason

Canaccord raised the firm's price target on BCE to C$35 from C$34.50 and keeps a Hold rating on the shares. The firm said they reported mixed Q4 results due to lower numbers at Ziply, further pressure in broadband loading, and lower-than-expected adj. EPS guidance. With that said, wireless was decent, supported by good loading.

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BCE Should I Buy

BCE Should I Buy

Should You Buy BCE Inc (BCE) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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