Royal Bank of Canada Boosts Quebecor (QBR.B) Price Target to C$33.00
Quebecor (TSE:QBR.B) had its target price upped by research analysts at Royal Bank of Canada from C$30.00 to C$33.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 15.71% from the stock’s current price.
Several other equities analysts also recently commented on QBR.B. BMO Capital Markets upped their price objective on shares of Quebecor from C$30.00 to C$31.00 in a research note on Friday, August 10th. National Bank Financial boosted their price target on shares of Quebecor from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, November 9th. TD Securities upped their price objective on shares of Quebecor from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Desjardins cut shares of Quebecor from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Cormark upped their price objective on shares of Quebecor from C$30.00 to C$32.00 in a report on Friday, August 10th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$31.30.
Shares of TSE:QBR.B opened at C$28.52 on Monday. 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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