Analyst Aravinda Galappatthige of Canaccord Genuity maintained a Buy rating on Quebecor (QBCRF – Research Report), retaining the price target of C$39.50.
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Aravinda Galappatthige’s rating is based on several key factors. Despite Quebecor’s mixed quarterly performance, the company’s wireless segment showed promising growth, with net additions surpassing expectations. This indicates a strong competitive position in the wireless market, which is a positive sign for future revenue growth.
Additionally, while the media segment underperformed, the overall financial health of the company remains stable, supported by a manageable debt level. The valuation metrics used, such as the EV/EBITDA multiples, suggest that Quebecor’s stock is attractively priced, making it a favorable investment opportunity. These elements combined have led to the Buy rating for Quebecor’s stock.