Quebecor Posted Solid 3Q on Impressive Cable and Wireless Customer Gains; Raising FVE to CAD 55
Quebecor posted solid performance for the third quarter, which roughly tracked our expectations. Total revenue grew 4% year over year, while adjusted operating income grew 8% year over year, pushing adjusted EBITDA margin to almost 41%, up from 39% a year ago. Its telecom segment Videotron continues to shine with customers gains in mobile and cable Internet access and loss in cable TV customers all better than we expected. Importantly, the firm signed an agreement with Comcast to adopt its X1 pl...Quebecor is a holding company. Through its subsidiaries, Co. is engaged in cable services; residential and business telecommunications; newspaper publishing; production and distribution of print media products; broadcasting; retailing, publishing and distribution of books, magazines and videos; recording, production and distribution of music; and new media services. As of Dec 31 2010, Co. had 1,811,570 cable television customers, 1,252,100 subscribers to cable Internet access services, 1,114,300 subscribers to cable telephony service, and 136,100 subscribers to mobile telephony services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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