Quebecor Inc Shs -B- Subord.Voting
QBR.B: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| kL& | LOCK|@?D | LOCK|C%BK$d |
Quebecor Earnings: Firm Continues to Expand Wireless Business With Low-Cost Services
Quebecor’s third-quarter earnings were in line with our expectations. The firm added a healthy number of customers in its wireless and internet businesses, but neither was enough to offset its low-cost strategy, leading to revenue declining 1.8% year over year. We maintain our CAD 40 fair value estimate and believe shares are undervalued.
