The Globe and Mail reports in its Friday, April 17, edition that TD Cowen analyst Vince Valentini has elevated his recommendation for Quebecor to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Valentini hiked his share target to $63 from $60. Analysts on average target the shares at $60.19. Mr. Valentini says in a note: "Quebecor continues to effectively manage both capex and FCF, as it expands both revenue and EBITDA as a result of its acquisition of Freedom. In time, we are confident that Quebecor will accentuate Freedom's quality with additional marketing initiatives, as opposed to relying on pricing. Meanwhile, Quebecor can continue to expand through a potential MVNO offering, its Fizz wireless brand and bundling opportunities. In other countries, we have seen the newer entrant and faster growing wireless carrier trade at a meaningful premium to incumbents (notably T-Mobile in the U.S.), consistent with what we are currently seeing with Quebecor. However, the cable segment is barely growing, which was never an issue for T-Mobile, and it still accounts for more than half of telecom segment EBITDA."