Quebecor, Inc. (TSE:QBR.B – Get Free Report) shares shot up 4.1% during mid-day trading on Thursday . The company traded as high as C$30.00 and last traded at C$29.93. 150,251 shares were traded during trading, a decline of 67% from the average session volume of 454,281 shares. The stock had previously closed at C$28.75.
Wall Street Analyst Weigh In
QBR.B has been the topic of several recent analyst reports. Desjardins raised their price target on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada lowered their price target on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. CIBC decreased their target price on Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Canaccord Genuity Group dropped their price target on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, BMO Capital Markets lowered shares of Quebecor from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$37.94.
View Our Latest Research Report on Quebecor
Quebecor Price Performance
Quebecor Company Profile
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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