Quebecor Inc Shs -B- Subord.Voting
QBR.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 81.00 | Mftrpsd | Stqjlnrn |
Quebecor Earnings: Wireless Performance Boosted by Freedom Mobile; Status Quo Everywhere Else
Quebecor had a stronger quarter of wireless subscriber additions than we anticipated in the second quarter since it acquired Freedom Mobile. The rest of Quebecor’s business mirrored recent trends, with a stagnant internet business and all other businesses slowly declining. However, wireless is easily the most important business line, and we expect both wireless and internet subscriber growth to accelerate as Quebecor continues to find its footing outside Quebec. We’re raising our fair value estimate to CAD 40 from CAD 38.