21:03:44 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Quebecor Inc
Symbol QBR
Shares Issued 83,922,892
Close 2015-05-21 C$ 31.61
Market Cap C$ 2,652,802,616
Recent Sedar Documents

Post says TD's Valentini sees big gains from Quebecor

2015-05-22 09:32 ET - In the News

The Financial Post reports in its Friday edition TD Securities analyst Vince Valentini says no other stock among telcos offers the same combination of value and growth as Quebecor ($31.61). The Post's Jonathan Ratner, writing in Trading Desk, says Mr. Valentini believes the 7-per-cent pullback in Quebecor shares since the company reported first-quarter results is "completely unwarranted." The company's early stage wireless business had record average revenue per user (ARPU) growth of 15 per cent, revenue growth of 45 per cent and net subscriber additions up 61 per cent. As Quebecor's wireless business matures, Mr. Valentini expects it will attract more investor attention. The analyst also noted the market seems to be applying little or no value to the company's wireless division so far. He figures Quebecor will have much better EBITDA (earnings before interest, taxes, depreciation and amortization) and free cash flow per share growth than its telco peers. The company's core cable and wireless assets in Quebec now represent 96 per cent of his gross asset value, "so we seriously question why such a large holdco discount is justified." TD rates Quebecor shares an action list buy with a price target of $42.

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