QBCRF - Quebecor's Shares Are Attractive Right Now With A Potential Of 42% Return
Introduction
Quebecor (OTCPK:QBCRF) (TSX: “QBR.B”) delivered a solid Q4 2019 with top and bottom line growth. The company continues to deliver positive subscriber adds and revenue growth in its wireless business thanks to its strategy to focus on BYOD customers and its low-cost Fizz brand. Looking forward, we think demand for data and speed will continue to drive growth in its wireless and wireline Internet businesses. The company has recently increased its quarterly dividend by 74%. This is equivalent to a dividend yield of 2.6%. Based on our calculation, Quebecor has the potential