Brokerages Set Quebecor, Inc. (QBR.B) Price Target at $35.21
Shares of Quebecor, Inc. (TSE:QBR.B) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$35.21.
A number of equities research analysts have recently commented on the company. CIBC increased their target price on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. BMO Capital Markets raised their price target on Quebecor from C$36.00 to C$37.00 in a research report on Friday, May 10th. Royal Bank of Canada raised their price target on Quebecor from C$34.00 to C$35.00 in a research report on Tuesday, April 9th. Canaccord Genuity raised their price target on Quebecor from C$28.00 to C$31.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, Cormark raised their price target on Quebecor from C$34.00 to C$35.00 in a research report on Thursday, March 14th.
QBR.B stock traded up C$0.25 during midday trading on Friday, hitting C$32.00. The stock had a trading volume of 1,242,162 shares, compared to its average volume of 412,298. The stock has a market cap of $5.76 billion and a price-to-earnings ratio of 23.10. Quebecor has a 52-week low of C$19.50 and a 52-week high of C$25.27.
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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