8 Most Undervalued Telecom Stocks to Invest In

4. BCE Inc. (NYSE:BCE)

Forward P/E Ratio as of September 8: 12.39

Number of Hedge Fund Holders: 24

BCE Inc. (NYSE:BCE) is one of the most undervalued telecom stocks to invest in. On August 22, CIBC analyst Stephanie Price raised the firm’s price target on BCE to C$36 from C$35, while keeping a Neutral rating on the shares. This sentiment came after the company reported its Q2 2025 earnings, reporting a mix of revenue growth, strategic business achievements, and financial pressures.

The company’s revenue increased by 2.28% year-over-year in Q2 to reach $4.43 billion, primarily due to BCE’s fiber strategy and growth in premium wireless subscribers.

The acquisition of Ziply Fiber was completed ahead of schedule, which expanded BCE’s fiber footprint by 1.4 million locations and made it the third-largest fiber Internet provider in North America. Ziply’s EBITDA is now projected to grow by over 20% in 2025. BCE’s self-install program has also been a success, with over 1 million self-installs since 2022.

BCE Inc. (NYSE:BCE) is a communications company that provides wireless, wireline, internet, streaming services, and television services to residential, business, and wholesale customers in Canada.