Quebecor, Inc. (QBR.B) Cut to Hold at Desjardins

Desjardins cut shares of Quebecor, Inc. (TSE:QBR.B) from a buy rating to a hold rating in a research note published on Friday morning. They currently have C$54.00 target price on the stock, up from their prior target price of C$48.00.

A number of other equities research analysts have also issued reports on QBR.B. National Bank Financial lifted their target price on shares of Quebecor from C$48.00 to C$52.00 and gave the company an outperform rating in a research note on Friday, August 11th. Canaccord Genuity lifted their target price on shares of Quebecor from C$47.00 to C$50.00 and gave the company a buy rating in a research note on Friday, August 11th. BMO Capital Markets lifted their target price on shares of Quebecor from C$47.50 to C$50.00 in a research note on Friday, August 11th. Scotiabank lifted their target price on shares of Quebecor from C$50.00 to C$53.00 and gave the company a focus stock rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada lowered shares of Quebecor from a top pick rating to an outperform rating and lifted their target price for the company from C$46.00 to C$49.00 in a research note on Friday, August 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$52.67.

Quebecor (TSE:QBR.B) opened at C$48.87 on Friday. Quebecor has a 52-week low of C$35.31 and a 52-week high of C$50.00.

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About Quebecor

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.

Analyst Recommendations for Quebecor (TSE:QBR.B)

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