In a report released yesterday, Tim Casey from BMO Capital maintained a Buy rating on Quebecor, with a price target of C$60.00.
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Tim Casey has given his Buy rating due to a combination of factors, notably Quebecor’s strong wireless momentum and consistent financial outperformance versus expectations. The company is capturing outsized wireless market share, growing ARPU after a recent inflection, and posting robust revenue and EBITDA gains, while its cable and internet businesses are showing signs of stabilization and incremental growth.
He also highlights Quebecor’s disciplined capital allocation and conservative leverage, which provide flexibility to keep investing in networks, reducing debt, and returning capital through rising dividends and buybacks. In his view, the firm’s industry‑leading balance sheet, expanding wireless footprint, and easing competitive pressures position it to outperform peers, which supports a higher target price and underpins his Buy recommendation.
In another report released today, Canaccord Genuity also upgraded the stock to a Buy with a C$60.00 price target.
QBCRF’s price has also changed moderately for the past six months – from C$40.610 to C$53.800, which is a 32.48% increase.