BCE Inc. (BCE) Dividend De-Risked, BMO Capital Raises to Outperform

BCE Inc. (NYSE:BCE) ranks among the best telecom stocks to invest in. On December 11, BMO Capital upgraded BCE Inc. (NYSE:BCE) from Market Perform to Outperform, retaining a C$37 price target on the company’s shares. The increase represents a “relatively more attractive risk/reward profile” for the company.

BCE’s dividend has been “derisked with reasonable FCF payout ratios,” according to BMO Capital, easing a major worry for investors in the high-yield telecom industry. The firm believes that by combining modest growth, synergies, a lowering capital expenditure profile, and small-scale asset sales, BCE Inc.(NYSE:BCE) may meet its leverage goals.

BCE Inc. (NYSE:BCE) also performed well in the third quarter of 2025, thanks to strategic acquisitions and collaborations. The company’s total revenue climbed by 1.3%, mainly due to the acquisition of Ziply Fiber. In addition, its adjusted EBITDA increased by 1.5% while maintaining a good margin of 45.7%. The sale of a $5.2 billion interest in MLSE significantly increased net earnings, while adjusted EPS increased by 5.3% year-over-year.

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.

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Disclosure: None. This article is originally published at Insider Monkey.