BMO Raises Quebecor Target to $47, Upgrades to Outperform

Thursday, Sep 4, 2025 1:55 pm ET1min read

Quebecor Inc. has been upgraded to Outperform by BMO with a raised target price to $47. The company is an integrated communications firm with operations in telecommunications, media, and sports & entertainment. Its Telecommunications segment offers internet, TV, mobile, and wireline services in Canada, while its Media segment operates an over-the-air TV network, specialty TV services, and digital platforms. The Sports & Entertainment segment manages the Videotron Centre and produces events.

Quebecor Inc. has been upgraded to "Outperform" by BMO Capital Markets, with a raised target price of $47. The integrated communications firm operates in three key segments: telecommunications, media, and sports & entertainment. Quebecor's Telecommunications segment provides internet, TV, mobile, and wireline services across Canada, while its Media segment includes operations like an over-the-air TV network, specialty TV services, and digital platforms. The Sports & Entertainment segment manages the Videotron Centre and organizes various events [2].

The upgrade reflects BMO's confidence in Quebecor's ability to generate consistent profits and add long-term value to shareholders. Over the past three years, Quebecor has managed to grow its earnings per share (EPS) by 9.7% annually [1]. While revenue and EBIT margins have remained relatively stable, the company's EPS growth is a positive indicator for investors.

Another encouraging sign is the insider buying activity. CEO & President Pierre Peladeau purchased CA$373k worth of shares at an average price of CA$41.41, indicating a vote of confidence from management. Additionally, insiders collectively hold CA$83m worth of stock in the company, signaling a commitment to long-term growth [1].

Despite the positive outlook, investors should be aware of one warning sign: Quebecor's stable revenue and EBIT margins may not meet the expectations of growth-minded investors. Nevertheless, the company's consistent EPS growth, insider buying, and BMO's upgrade make it a prime candidate for investors' watchlists.

References:

[1] https://simplywall.st/stocks/ca/telecom/tsx-qbr.a/quebecor-shares/news/does-quebecor-tseqbra-deserve-a-spot-on-your-watchlist/amp
[2] https://www.marketscreener.com/news/quebecor-subsidiary-videotron-expands-mobile-services-in-quebec-region-from-sunday-ce7c50dddc8bf220

BMO Raises Quebecor Target to $47, Upgrades to Outperform

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