Quebecor (TSE:QBR.B – Get Free Report) had its price target hoisted by Scotiabank from C$35.50 to C$36.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 15.90% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. National Bankshares boosted their target price on shares of Quebecor from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Quebecor from C$37.00 to C$39.00 in a research note on Friday, August 11th. Royal Bank of Canada cut their target price on shares of Quebecor from C$38.00 to C$36.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. CIBC lowered their price target on Quebecor from C$43.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, Canaccord Genuity Group cut their price objective on Quebecor from C$35.00 to C$33.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and an average price target of C$38.00.
Quebecor Stock Performance
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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