The Globe and Mail reports in its Thursday, April 18, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector outperform" recommendation for Quebecor. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi trimmed his share target by $1.50 to $37. Analysts on average target the shares at $38.54. Mr. Yaghi says in a note: "We believe Quebecor executed very well its wireless strategy in Q1. While there are still additional actions that Quebecor needs to keep doing to improve the perception of the quality of the Freedom brand, the improvement to network performance and attractive pricing is driving uptick in quarterly loading numbers. On the broadband side however, we are expecting 3K subscriber losses which could be a negative surprise. Facing a continued push by BCE on FTTH, we believe that Quebecor's management has chosen to focus on profitability rather than defending market share at all costs. Data from our partners at ThinkCX shows some market share loss occurred in Q1, especially in February against other providers." The Globe reported on Feb. 23 that Mr. Yaghi continued to rate Quebecor "sector outperform." The shares could then be had for $30.23.