Quebecor (QBR.B) PT Raised to C$33.00

Quebecor (TSE:QBR.B) had its price target increased by National Bank Financial from C$31.00 to C$33.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 19.48% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. TD Securities raised their price target on Quebecor from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets raised their price target on Quebecor from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada cut their price target on Quebecor from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 21st. Cormark raised their price target on Quebecor from C$30.00 to C$32.00 in a research note on Friday, August 10th. Finally, Desjardins cut Quebecor from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$31.00.

Quebecor stock opened at C$27.62 on Friday. Quebecor has a 1-year low of C$19.50 and a 1-year high of C$25.27.

About Quebecor

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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