Quebecor (QBR.B) Price Target Raised to C$31.00 at Canaccord Genuity

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Quebecor (TSE:QBR.B) had its price objective raised by equities research analysts at Canaccord Genuity from C$28.00 to C$31.00 in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 2.42% from the company’s previous close.

Several other brokerages also recently issued reports on QBR.B. National Bank Financial upped their price target on shares of Quebecor from C$33.00 to C$34.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 4th. Cormark upped their price target on shares of Quebecor from C$34.00 to C$35.00 in a research report on Thursday. TD Securities upped their price target on shares of Quebecor from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Royal Bank of Canada upped their price target on shares of Quebecor from C$33.00 to C$34.00 in a research report on Wednesday, January 9th. Finally, BMO Capital Markets upped their price target on shares of Quebecor from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have 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$33.80.

Shares of TSE QBR.B opened at C$31.77 on Thursday. The stock has a market cap of $5.73 billion and a P/E ratio of 22.94. Quebecor has a 12-month low of C$19.50 and a 12-month high of C$25.27.

Quebecor Company Profile

Quebecor Inc operates in 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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Analyst Recommendations for Quebecor (TSE:QBR.B)

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