Quebecor (TSE:QBR) Cut to “Hold” at TD Securities

TD Securities cut shares of Quebecor (TSE:QBR) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Several other research firms have also recently issued reports on QBR. Canaccord Genuity Group raised Quebecor from a “hold” rating to a “strong-buy” rating in a research note on Friday. National Bank Financial lowered shares of Quebecor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Quebecor Stock Performance

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company’s Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business.