Quebecor (TSE:QBR.B – Free Report) had its target price upped by CIBC from C$39.00 to C$40.00 in a research note released on Friday morning,BayStreet.CA reports.
A number of other research analysts also recently issued reports on QBR.B. Scotiabank downgraded Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Royal Bank of Canada reduced their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday. Finally, TD Securities dropped their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy” and an average price target of C$37.94.
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Quebecor Trading Down 0.2 %
About Quebecor
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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