Quebecor, Inc. (QBR.B) Receives Consensus Rating of “Buy” from Analysts
Quebecor, Inc. (TSE:QBR.B) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$35.21.
Several equities analysts have weighed in on QBR.B shares. BMO Capital Markets lifted their target price on Quebecor from C$36.00 to C$37.00 in a research note on Friday, May 10th. Royal Bank of Canada lifted their target price on Quebecor from C$34.00 to C$35.00 in a research note on Tuesday, April 9th. CIBC lifted their target price on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. TD Securities lifted their target price on Quebecor from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Finally, Cormark lifted their target price on Quebecor from C$34.00 to C$35.00 in a research note on Thursday, March 14th.
QBR.B traded up C$0.05 during trading on Friday, reaching C$31.80. The company had a trading volume of 339,841 shares, compared to its average volume of 412,298. The stock has a market capitalization of $5.71 billion and a P/E ratio of 22.96. Quebecor has a 12-month low of C$19.50 and a 12-month high of C$25.27.
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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