Quebecor (QBR.B) Price Target Raised to C$33.00 at National Bank Financial

Quebecor (TSE:QBR.B) had its price objective boosted by National Bank Financial from C$31.00 to C$33.00 in a research note released on Friday morning. The firm currently has an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. TD Securities increased their target price on shares of Quebecor from C$31.00 to C$32.00 and gave the stock a buy rating in a report on Friday. BMO Capital Markets increased their target price on shares of Quebecor from C$31.00 to C$33.00 and gave the stock an outperform rating in a report on Friday. Royal Bank of Canada dropped their target price on shares of Quebecor from C$31.00 to C$30.00 and set an outperform rating for the company in a report on Tuesday, August 21st. Cormark increased their target price on shares of Quebecor from C$30.00 to C$32.00 in a report on Friday, August 10th. Finally, Desjardins lowered shares of Quebecor from a buy rating to a hold rating in a report on Friday, August 10th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$31.00.

Shares of Quebecor stock traded up C$0.39 during trading on Friday, reaching C$27.62. 834,174 shares of the stock were exchanged, compared to its average volume of 412,298. Quebecor has a 1 year low of C$19.50 and a 1 year high of C$25.27.

Quebecor Company Profile

Quebecor Inc is a telecommunications and media company. The Company’s segments include Telecommunications, Media, and Sports and Entertainment. The Telecommunications segment offers television distribution, Internet access, business solutions (including data centers), cable and mobile telephony and over-the-top video services in Canada.

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