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Recommendations
Quebecor price target lowered to C$30 from C$32 at Canaccord » 14:35
05/13/22
05/13
14:35
05/13/22
14:35
QBCRF

Quebecor

$20.16 /

-2.002 (-9.03%)

Canaccord analyst…

Canaccord analyst Aravinda Galappatthige lowered the firm's price target on Quebecor to C$30 from C$32 and keeps a Buy rating on the shares.

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QBCRF Quebecor
$20.16 /

-2.002 (-9.03%)

05/13/22 BMO Capital
Quebecor price target lowered to C$35 from C$37 at BMO Capital
05/09/22 National Bank
Quebecor downgraded to Sector Perform from Outperform at National Bank
02/25/22 BMO Capital
Quebecor price target lowered to C$37 from C$40 at BMO Capital
02/18/22 Scotiabank
Quebecor price target lowered to C$34 from C$36 at Scotiabank
QBCRF Quebecor
$20.16 /

-2.002 (-9.03%)

Recommendations
Quebecor price target lowered to C$35 from C$37 at BMO Capital » 14:07
05/13/22
05/13
14:07
05/13/22
14:07
QBCRF

Quebecor

$20.16 /

-2.002 (-9.03%)

BMO Capital analyst Tim…

BMO Capital analyst Tim Casey lowered the firm's price target on Quebecor to C$35 from C$37 and keeps an Outperform rating on the shares.

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QBCRF Quebecor
$20.16 /

-2.002 (-9.03%)

05/09/22 National Bank
Quebecor downgraded to Sector Perform from Outperform at National Bank
02/25/22 BMO Capital
Quebecor price target lowered to C$37 from C$40 at BMO Capital
02/18/22 Scotiabank
Quebecor price target lowered to C$34 from C$36 at Scotiabank
01/11/22 Canaccord
Quebecor upgraded to Buy from Hold at Canaccord
QBCRF Quebecor
$20.16 /

-2.002 (-9.03%)

Earnings
Quebecor reports Q1 adjusted EPS C$0.54 vs. C$0.52 last year » 06:29
05/12/22
05/12
06:29
05/12/22
06:29
QBCRF

Quebecor

$22.16 /

+0.332 (+1.52%)

Reports Q1 revenues…

Reports Q1 revenues C$1.09B vs. C$1.09B last year. Comments by Pierre Karl Peladeau, President and CEO of Quebecor, "In the first quarter of 2022, Quebecor continued to perform well in a competitive environment in Quebec, increasing RGUs in mobile, Internet access and OTT services, and growing the market share of TVA Network and the specialty channels. To maintain its leading position amidst the accelerating proliferation of content and of distribution platforms, the Corporation stepped up its spending on content. While these investments had a short-term adverse impact on profitability, as evidenced by the 2.3% decline in adjusted EBITDA in the first quarter of 2022, the Corporation maintained financial discipline: we generated 2.8% growth in adjusted cash flows from operations and increased available liquidity to $1.65 billion as of the end of the first quarter of 2022. Videotron generated $344.6 million in adjusted cash flows from operations in the first quarter of 2022, an increase of 10.1%. Videotron's flagship mobile telephone and Internet access services continued to attract growing numbers of customers, with increases of 123,200 connections, or 8.2%, and 41,200 customers, or 2.3%, respectively, over the past 12 months. Driven by rich and diverse content, our OTT services also performed strongly, posting a 9.0% increase over the past 12 months. With their diverse, constantly updated selection of original content, Vrai and Club illico now have more than half a million subscribers, a strong indication of the soundness of our choices and investments in the production of Quebec content. The recent Competition Bureau decision against the Rogers Communications Inc. bid to acquire the assets of Shaw Communications, coupled with statements from the Department of Innovation, Science and Economic Development, allow us to look with increasing favour on the expansion of our wireless business, in view of the prospect that we will have the alternatives of acquiring Shaw's wireless assets which might have to be divested by Rogers, or launching a telecom offering in the Canadian provinces where we have acquired - despite TELUS' legal challenge - the spectrum needed to start up our operations. We believe that these alternatives position us very favourably, as governmental and administrative authorities, including the Canadian Radio-television and Telecommunications Commission, pursue the public policy of establishing the conditions for true competition in wireless services in Canada. Our undeniable success, as evidenced by our market share of more than 22% in Quebec, demonstrates our multidimensional expertise. We would apply that expertise with equal energy in the other parts of Canada. The opportunities are many and the alternatives promising. The increase in investment by TVA Group, particularly in variety programming and series for the TVA Network, has proven to be a sound move. TVA Network gained 0.7 points in market share in the first quarter of 2022 and had four of the top five shows in Quebec during the period. The combined market share of the TVA Network and the specialty channels was 40.6% in the first quarter of 2022, up 1.2 points from the same quarter of 2021. As a result of the increase in total advertising revenues from broadcasting activities, combined with the impact of higher volume in production and distribution services, as well as in film and audiovisual services, TVA Group posted a $3.7 million increase in revenues in the first quarter of 2022. We have a solid foundation on which to build and we're upbeat about the future. We are staying focused on the disciplined execution of our strategic priorities and sound management of our assets, guided by our commitment to creating long-term value for all our stakeholders."

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QBCRF Quebecor
$22.16 /

+0.332 (+1.52%)

05/09/22 National Bank
Quebecor downgraded to Sector Perform from Outperform at National Bank
02/25/22 BMO Capital
Quebecor price target lowered to C$37 from C$40 at BMO Capital
02/18/22 Scotiabank
Quebecor price target lowered to C$34 from C$36 at Scotiabank
01/11/22 Canaccord
Quebecor upgraded to Buy from Hold at Canaccord
Downgrade
Quebecor downgraded to Sector Perform from Outperform at National Bank » 05:48
05/09/22
05/09
05:48
05/09/22
05:48
QBCRF

Quebecor

$22.91 /

+0.24 (+1.06%)

National Bank analyst…

National Bank analyst Adam Shine downgraded Quebecor to Sector Perform from Outperform with an unchanged price target of C$37. With the Commissioner of Competition filing applications to the Competition Tribunal opposing the Rogers-Shaw deal, Quebecor has "seen a door opened when no access was previously provided to the Freedom data room," Shine tells investors in a research note. The analyst says potentially buying Freedom creates an overhang on Quebecor shares.

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QBCRF Quebecor
$22.91 /

+0.24 (+1.06%)

02/25/22 BMO Capital
Quebecor price target lowered to C$37 from C$40 at BMO Capital
02/18/22 Scotiabank
Quebecor price target lowered to C$34 from C$36 at Scotiabank
01/11/22 Canaccord
Quebecor upgraded to Buy from Hold at Canaccord
11/05/21 Scotiabank
Quebecor price target lowered to C$36 from C$37 at Scotiabank
Over a month ago
Recommendations
Quebecor price target lowered to C$37 from C$40 at BMO Capital » 12:14
02/25/22
02/25
12:14
02/25/22
12:14
QBCRF

Quebecor

$21.89 /

-1.35 (-5.81%)

BMO Capital analyst Tim…

BMO Capital analyst Tim Casey lowered the firm's price target on Quebecor to C$37 from C$40 and keeps an Outperform rating on the shares.

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QBCRF Quebecor
$21.89 /

-1.35 (-5.81%)

02/18/22 Scotiabank
Quebecor price target lowered to C$34 from C$36 at Scotiabank
01/11/22 Canaccord
Quebecor upgraded to Buy from Hold at Canaccord
11/05/21 Scotiabank
Quebecor price target lowered to C$36 from C$37 at Scotiabank
11/05/21 TD Securities
Quebecor price target lowered to C$36 from C$37 at TD Securities
Recommendations
Quebecor price target lowered to C$34 from C$36 at Scotiabank » 11:53
02/18/22
02/18
11:53
02/18/22
11:53
QBCRF

Quebecor

$24.09 /

-0.15 (-0.62%)

Scotiabank analyst Jeff…

Scotiabank analyst Jeff Fan lowered the firm's price target on Quebecor to C$34 from C$36 and keeps an Outperform rating on the shares.

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QBCRF Quebecor
$24.09 /

-0.15 (-0.62%)

01/11/22 Canaccord
Quebecor upgraded to Buy from Hold at Canaccord
11/05/21 Scotiabank
Quebecor price target lowered to C$36 from C$37 at Scotiabank
11/05/21 TD Securities
Quebecor price target lowered to C$36 from C$37 at TD Securities
10/07/21 TD Securities
Quebecor price target lowered to C$37 from C$38 at TD Securities
Over a quarter ago
Upgrade
Quebecor upgraded to Buy from Hold at Canaccord » 07:28
01/11/22
01/11
07:28
01/11/22
07:28
QBCRF

Quebecor

$22.86 /

+0.12 (+0.53%)

Canaccord analyst…

Canaccord analyst Aravinda Galappatthige upgraded Quebecor to Buy from Hold with an unchanged price target of C$33. While the market is justifiably focused around potential balance sheet levering on account of the company's interest in acquiring the Shaw wireless assets, the stock's current valuation offers longer-term value, particularly if Quebecor can secure the asset closer to the $4B mark, Galappatthige tells investors in a research note.

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QBCRF Quebecor
$22.86 /

+0.12 (+0.53%)

11/05/21 Scotiabank
Quebecor price target lowered to C$36 from C$37 at Scotiabank
11/05/21 TD Securities
Quebecor price target lowered to C$36 from C$37 at TD Securities
10/07/21 TD Securities
Quebecor price target lowered to C$37 from C$38 at TD Securities
08/06/21 Canaccord
Quebecor price target lowered to C$33 from C$36 at Canaccord
QBCRF Quebecor
$22.86 /

+0.12 (+0.53%)

QBCRF Quebecor
$22.86 /

+0.12 (+0.53%)

Recommendations
Quebecor price target lowered to C$36 from C$37 at Scotiabank » 12:34
11/05/21
11/05
12:34
11/05/21
12:34
QBCRF

Quebecor

$24.47 /

+ (+0.00%)

Scotiabank analyst Jeff…

Scotiabank analyst Jeff Fan lowered the firm's price target on Quebecor to C$36 from C$37 and keeps an Outperform rating on the shares.

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QBCRF Quebecor
$24.47 /

+ (+0.00%)

11/05/21 TD Securities
Quebecor price target lowered to C$36 from C$37 at TD Securities
10/07/21 TD Securities
Quebecor price target lowered to C$37 from C$38 at TD Securities
08/06/21 Canaccord
Quebecor price target lowered to C$33 from C$36 at Canaccord
08/06/21 Scotiabank
Quebecor price target lowered to C$37 from C$38 at Scotiabank
QBCRF Quebecor
$24.47 /

+ (+0.00%)

QBCRF Quebecor
$24.47 /

+ (+0.00%)

Recommendations
Quebecor price target lowered to C$36 from C$37 at TD Securities » 11:20
11/05/21
11/05
11:20
11/05/21
11:20
QBCRF

Quebecor

$24.47 /

+ (+0.00%)

TD Securities analyst…

TD Securities analyst Vince Valentini lowered the firm's price target on Quebecor to C$36 from C$37 and keeps a Buy rating on the shares.

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QBCRF Quebecor
$24.47 /

+ (+0.00%)

10/07/21 TD Securities
Quebecor price target lowered to C$37 from C$38 at TD Securities
08/06/21 Canaccord
Quebecor price target lowered to C$33 from C$36 at Canaccord
08/06/21 Scotiabank
Quebecor price target lowered to C$37 from C$38 at Scotiabank
05/14/21 Scotiabank
Quebecor price target lowered to C$38 from C$39 at Scotiabank
QBCRF Quebecor
$24.47 /

+ (+0.00%)

QBCRF Quebecor
$24.47 /

+ (+0.00%)

Recommendations
Quebecor price target lowered to C$37 from C$38 at TD Securities » 11:08
10/07/21
10/07
11:08
10/07/21
11:08
QBCRF

Quebecor

$24.38 /

+ (+0.00%)

TD Securities analyst…

TD Securities analyst Vince Valentini lowered the firm's price target on Quebecor to C$37 from C$38 and keeps a Buy rating on the shares.

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QBCRF Quebecor
$24.38 /

+ (+0.00%)

08/06/21 Canaccord
Quebecor price target lowered to C$33 from C$36 at Canaccord
08/06/21 Scotiabank
Quebecor price target lowered to C$37 from C$38 at Scotiabank
05/14/21 Scotiabank
Quebecor price target lowered to C$38 from C$39 at Scotiabank
05/14/21 TD Securities
Quebecor price target raised to C$40 from C$39 at TD Securities
QBCRF Quebecor
$24.38 /

+ (+0.00%)

QBCRF Quebecor
$24.38 /

+ (+0.00%)

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