The Globe and Mail reports in its Tuesday, Jan. 13, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" recommendation for BCE. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil knocked his share target back by a loonie to $41. Analysts on average target the shares at $35.75. Mr. Dubreuil calls BCE his top pick. While Mr. Dubreuil remains "cautious" on Canada's telecommunications sector heading into 2026, he does thinks it could "offer decent protection to investors against macroeconomic or geopolitical deterioration." Mr. Dubreuil says in a note: "The upcoming guidance will offer an initial indication of the company's progress toward its three-year EBITDA growth target of 2 to 3 per cent. Our 2026 estimated EBITDA is broadly aligned with consensus, but we are constructive on the name given the compelling Ziply expansion opportunity, improving operations in Canada, better visibility and an attractive relative valuation." The Globe reported on Oct. 10 and Dec. 11 that Mr. Dubreuil had reaffirmed his "buy" recommendation for BCE when the shares were going for $33.46 and $32.24.
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