Quebecor Inc Shs -B- Subord.Voting

QBR.B: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Quebecor Earnings: Freedom Mobile and Fizz Brands Help Drive Share Gains Despite Slowing Market

Samuel Siampaus

Feb 27, 2025

Quebecor continues progressing nicely in its attempt to disrupt and steal wireless share, as evidenced by its market-leading 88,000 net wireless customer additions in the fourth quarter. We expect Quebecor to continue to take share. However, we think its low-price strategy will hinder its ability to drive profitability as it scales its Freedom Mobile brand. We maintain our $37 fair value estimate and no-moat rating for Quebecor.

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Quebecor Inc Shs -B- Subord.Voting

Quebecor Earnings: Freedom Mobile and Fizz Brands Help Drive Share Gains Despite Slowing Market

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