The Globe and Mail reports in its Thursday, Dec. 7, edition that Desjardins Securities analyst Jerome Dubreuil is "more positive" on the Canadian telecommunications industry heading into 2024 than he has been all this year, citing "improved visibility, encouraging recent CPI prints and 2023 underperformance." The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil has reaffirmed his "buy" recommendation for Quebecor. His share target advanced $2 to $41.50. Analysts on average target the shares at $38.21. Mr. Dubreuil says in a note: "Quebecor remains high in our pecking order given its rapid deleveraging and the value we see in the Freedom integration. However, we have been surprised by how aggressively peers have matched Freedom's pricing since the integration. Many investors remain concerned about a potential increase in capex down the road -- our new 2025 forecast includes a large capex increase, but FCF yield during this period remains strong at 13.6 per cent. We expect buybacks to accelerate again in mid-2025 when leverage is in the low threes (our definition)." The Globe reported on Nov. 10 that Mr. Dubreuil continued to rate Quebecor "buy." The shares could then be had for $31.06.