10 Best 5G Stocks to Invest in According to Analysts

6. BCE Inc. (NYSE:BCE)

Average Price Target Upside Potential According to Analysts: 25.67%

Number of Hedge Fund Holders: 20

BCE Inc. (NYSE:BCE) is a Canadian communications company that provides television, internet, wireless, media, and technology services. As Canada’s largest communications company, it provides 5G+, 5G, and 4G LTE wireless services. BCE is one of the best 5G stocks to invest in according to analysts.

The company is strategically focused on enhancing its 5G capabilities with a clear commitment to innovation and improving customer satisfaction. In May 2024, BCE Inc. (NYSE:BCE) deployed a 3800 MHz spectrum in select areas of Toronto and Kitchener-Waterloo to boost its 5G+ network and offer customers the fastest mobile technology in Canada. The company aims to deliver superior network performance and faster mobile speeds for downloading, streaming high-resolution videos, uploading content, and cloud photo backups.

BCE is actively looking to expand its market presence while also enhancing its technological capabilities. On November 4, 2024, BCE Inc. (NYSE:BCE) announced that it had entered into a definitive agreement to acquire Ziply Fiber for a transaction value of approximately C$7.0 billion. This move will see the company make a significant expansion into the US market and diversify its operations. BCE Inc. (NYSE:BCE) aims to become a major fiber internet provider in North America and unlock significant growth opportunities.