Scotiabank Lowers BCE Price Target to C$39.50, Maintains Outperform

On February 6, Scotiabank lowered its terms people connected BCE Inc. (NYSE:BCE) to C$39.50 from C$40.25 portion maintaining an Outperform rating, indicating that contempt humble valuation adjustments, the steadfast continues to presumption the risk-reward illustration favorably.

During its third-quarter 2025 results league call, BCE Inc. (NYSE:BCE) reported a 1.3% summation successful full revenue, supported successful portion by the acquisition of Ziply Fiber, and adjusted EBITDA maturation of 1.5%, resulting successful a 10-basis-point borderline enlargement to 45.7%—the strongest borderline show successful implicit 3 decades. The institution highlighted accelerating momentum successful AI-powered solutions, with related gross expanding 34% year-over-year, mostly driven by integrated maturation from Ateko and Bell Cyber. These developments underscore BCE’s strategical pivot toward higher-value integer and cybersecurity offerings portion maintaining unchangeable halfway telecom operations. The operation of humble top-line growth, borderline expansion, and emerging AI-driven gross streams supports improving currency travel durability and strengthens the semipermanent concern case.

Founded successful 1983 and headquartered successful Verdun, Quebec, BCE Inc. (NYSE:BCE) provides wireless, wireline, internet, streaming, and tv services to residential, business, and wholesale customers crossed Canada done its Bell Communications and Technology Services and Bell Media segments.

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