Quebecor's 60% Rally is Backed by Free Cash Flow and National Expansion
Quebecor shares have climbed nearly 60% over the past twelve months, recently reaching C$60. The rally is supported by a 14.3% increase in free cash flow to C$1.4 billion. This growth is driven by wireless service revenue, which climbed 9.5%, the strongest quarterly performance since the acquisition of Freedom Mobile. The company is now eroding the market share of Canada's Big Three wireless incumbents on a national scale. Quebecor shares are trading at C$60.
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