logo
  Join        Login             Stock Quote

CIBC Lifts EPS Estimates On Quebecor Following Videotron Results

 March 01, 2012 02:03 PM


CIBC World Markets Inc. raised its EPS estimates on Quebecor Inc. (TSX:QBR_B.TO) after the media company's Videotron unit posted quarterly results.

"Quebecor subsidiary Videotron reported standalone Q4 results which were solidly in line with our estimates with cable sub stats that were ahead. The VDO release came ahead of a bond refinancing that was upsized to US$800 million given strong demand, priced at a 5% yield," CIBC said.

The key driver for value at QBR remains Videotron, and the fourth-quarter results bode well for the unit, it added.

"Given a maturing cable industry, results were solid across the board. We are also seeing good bundling pull through from VDO's wireless offering," CIBC wrote.

The brokerage, which reiterated its "Sector Outperformer" rating and price target of $41 on the stock, increased its 2012 EPS estimates to $3.40 from $3.25.

On Thursday, the stock is trading at $36.24, up 0.14%.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageGermany Is On The Rebound - Time To Buy?

Based on this year's 17% spike in the Stoxx Europe 600 Index, it seems investors have found a home in read on...

article imageIs Drought Risk In The American West An Economic Threat?

The historic and ongoing drought in California is getting harder to ignore in terms of its potential impact read on...

article imageFunds Behaving Badly

Discipline is still the key to read on...

article imageGenuine Parts Co. (GPC): This Company's Raised Dividends For 59 Years

There are 253 million cars and trucks driving along U.S. roads. And the average age of those automobiles is read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.