Quebecor, Inc. (QBR.B) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Quebecor, Inc. (TSE:QBR.B) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$50.88.
A number of brokerages have recently commented on QBR.B. Royal Bank Of Canada lowered shares of Quebecor from a “top pick” rating to an “outperform” rating and raised their target price for the stock from C$46.00 to C$49.00 in a research report on Friday, August 11th. Scotiabank raised their target price on shares of Quebecor from C$53.00 to C$54.00 and gave the stock a “focus stock” rating in a research report on Friday, August 11th. Barclays PLC raised their target price on shares of Quebecor from C$49.00 to C$51.00 in a research report on Friday, August 11th. TD Securities lifted their price objective on shares of Quebecor from C$50.00 to C$53.00 and gave the company an “action list buy” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets lifted their price objective on shares of Quebecor from C$47.50 to C$50.00 in a report on Friday, August 11th.
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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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