Quebecor (QBR.B) Receives Average Recommendation of “Buy” from Brokerages

Quebecor (TSE:QBR.B) has earned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$31.56.

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Quebecor from C$26.00 to C$27.00 in a research report on Tuesday, April 10th. TD Securities lifted their price objective on shares of Quebecor from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Thursday, March 15th. CIBC lifted their price objective on shares of Quebecor from C$27.00 to C$28.00 in a research report on Thursday, March 15th. Barclays boosted their price target on shares of Quebecor from C$27.00 to C$29.00 in a research report on Thursday, March 15th. Finally, BMO Capital Markets boosted their price target on shares of Quebecor from C$27.50 to C$28.50 in a research report on Thursday, March 15th.

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TSE:QBR.B traded up C$0.03 during mid-day trading on Thursday, hitting C$24.21. The stock had a trading volume of 123,120 shares, compared to its average volume of 412,298. Quebecor has a 52 week low of C$19.50 and a 52 week high of C$25.27.

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Quebecor Company Profile

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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