CIBC Raises Quebecor, Inc. (TSE:QBR.B) Price Target to C$47.00
Quebecor, Inc. (TSE:QBR.B) had its target price boosted by stock analysts at CIBC from C$43.00 to C$47.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock.
Other equities analysts have also issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Quebecor from C$47.50 to C$50.00 in a report on Friday. TD Securities lifted their target price on shares of Quebecor from C$53.00 to C$54.00 in a report on Friday. Canaccord Genuity lifted their target price on shares of Quebecor from C$44.00 to C$47.00 and gave the company a “buy” rating in a report on Friday, May 12th. Scotiabank lifted their target price on shares of Quebecor from C$47.00 to C$48.00 and gave the company a “focus stock” rating in a report on Monday, May 15th. Finally, National Bank Financial lifted their target price on shares of Quebecor from C$48.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$50.22.
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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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