Quebecor (TSE:QBR.A) Posts Earnings Results

Quebecor (TSE:QBR.A) posted its quarterly earnings data on Thursday. The company reported C$1.07 earnings per share for the quarter, FiscalAI reports. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.44 billion during the quarter.

Here are the key takeaways from Quebecor’s conference call:

• Strong financial performance: Second-quarter free cash flow rose 12% to CAD 419 million, adjusted EBITDA increased 10% excluding stock-based compensation to CAD 691 million, and attributable net income grew 24% to CAD 227 million.
• Wireless momentum continued: Mobile subscribers increased by 53,200, while consolidated wireless ARPU rose 2.5% year over year to CAD 35.62. Management said churn improved after a setback in Q1 and expects continued opportunity from Freedom’s expansion and Fizz’s digital growth.
• Capital returns increased: The board raised the quarterly dividend 12.5% to CAD 0.45 per share and renewed the share-buyback program; Quebecor repurchased and canceled CAD 185 million of Class B shares in the first half of 2026.
• Balance sheet remained strong: Net leverage was stable at 2.87 times EBITDA, the company repaid debt during the quarter, and reported CAD 926 million of available liquidity. Management also expects full-year capital expenditures to remain in line with prior guidance and free cash flow to be stable to slightly better year over year.
• Media improved but remains challenged: Media EBITDA rose to CAD 27 million, helped by the Montreal Canadiens’ playoff run, stronger advertising and subscription revenue, and cost reductions. However, management acknowledged persistent structural industry pressures and said NHL rights negotiations remain unfinished.

Quebecor Price Performance

Shares of QBR.A opened at C$65.98 on Friday. Quebecor has a fifty-two week low of C$37.16 and a fifty-two week high of C$71.89. The firm’s 50 day moving average price is C$68.03 and its 200 day moving average price is C$60.72. The company has a market cap of C$14.87 billion, a P/E ratio of 17.18, a PEG ratio of 1.44 and a beta of 0.74. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Analysts Set New Price Targets

Several research analysts have recently commented on QBR.A shares. Raymond James Financial set a C$72.00 price target on Quebecor and gave the stock a “market perform” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on Quebecor from C$63.00 to C$69.00 in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Quebecor presently has an average rating of “Hold” and a consensus price target of C$61.42.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.