Quebecor (TSE:QBR) Rating Lowered to Hold at Canaccord Genuity Group

Quebecor (TSE:QBR) was downgraded by research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities upgraded Quebecor from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. National Bank Financial upgraded Quebecor from a “hold” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quebecor currently has a consensus rating of “Buy”.

Quebecor Price Performance

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company’s Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business.