Quebecor, Inc. (QBR.B) Price Target Increased to C$54.00 by Analysts at CIBC
Quebecor, Inc. (TSE:QBR.B) had its price target upped by CIBC from C$47.00 to C$54.00 in a research report issued on Monday. CIBC’s price target would indicate a potential upside of 9.44% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. National Bank Financial increased their price target on Quebecor from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities cut Quebecor from an “action list buy” rating to a “buy” rating and increased their price target for the company from C$54.00 to C$56.00 in a research note on Friday. Royal Bank Of Canada increased their price target on Quebecor from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins cut Quebecor from a “buy” rating to a “hold” rating and increased their price target for the company from C$48.00 to C$54.00 in a research note on Friday. Finally, Scotiabank increased their price target on Quebecor from C$54.00 to C$58.00 and gave the company a “focus stock” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$54.33.
Shares of Quebecor (TSE QBR.B) traded up C$0.47 during mid-day trading on Monday, reaching C$49.34. The company had a trading volume of 104,643 shares, compared to its average volume of 186,808. Quebecor has a 12 month low of C$35.31 and a 12 month high of C$50.00.
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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.
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