Quebecor (QBR.B) Price Target Raised to C$33.00 at National Bank Financial
Quebecor (TSE:QBR.B) had its price objective increased by National Bank Financial from C$31.00 to C$33.00 in a research report sent to investors on Friday morning. National Bank Financial currently has an outperform rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada decreased 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 research note on Tuesday, August 21st. Cormark raised their target price on shares of Quebecor from C$30.00 to C$32.00 in a research note on Friday, August 10th. TD Securities decreased their target price on shares of Quebecor from C$32.00 to C$31.00 and set a buy rating for the company in a research note on Tuesday, August 21st. Desjardins downgraded shares of Quebecor from a buy rating to a hold rating in a research note on Friday, August 10th. Finally, BMO Capital Markets raised their target price on shares of Quebecor from C$31.00 to C$33.00 and gave the company an outperform rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$31.00.
Shares of TSE QBR.B traded up C$0.39 on Friday, reaching C$27.62. 834,174 shares of the company’s stock traded hands, 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.
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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