Quebecor, Inc. (QBR.B) Given Average Recommendation of “Buy” by Brokerages

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$34.06.

Several research analysts have weighed in on QBR.B shares. CIBC lifted their target price on Quebecor from C$32.00 to C$34.00 in a report on Thursday, March 14th. Cormark lifted their target price on Quebecor from C$34.00 to C$35.00 in a report on Thursday, March 14th. Royal Bank of Canada lifted their target price on Quebecor from C$33.00 to C$34.00 in a report on Wednesday, January 9th. TD Securities lifted their target price on Quebecor from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Friday, December 21st. Finally, Canaccord Genuity lifted their target price on Quebecor from C$28.00 to C$31.00 and gave the stock a “hold” rating in a report on Thursday, March 14th.

Shares of TSE:QBR.B traded down C$0.02 during midday trading on Thursday, hitting C$32.67. The company had a trading volume of 84,121 shares, compared to its average volume of 412,298. Quebecor has a 12 month low of C$19.50 and a 12 month high of C$25.27. The firm has a market capitalization of $5.88 billion and a P/E ratio of 23.59.

About Quebecor

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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