Quebecor (TSE:QBR.B) had its target price boosted by equities researchers at CIBC from C$32.00 to C$34.00 in a research report issued on Thursday. CIBC’s price target points to a potential upside of 7.02% from the company’s previous close.
A number of other brokerages have also commented on QBR.B. National Bank Financial lifted their price target on Quebecor from C$33.00 to C$34.50 and gave the company an “outperform” rating in a research note on Tuesday, December 4th. Cormark lifted their price target on Quebecor from C$34.00 to C$35.00 in a research note on Thursday. Canaccord Genuity lifted their price target on Quebecor from C$28.00 to C$31.00 and gave the company a “hold” rating in a research note on Thursday. TD Securities lifted their price target 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, Royal Bank of Canada lifted their price target on Quebecor from C$33.00 to C$34.00 in a research note on Wednesday, January 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$33.80.
Shares of QBR.B stock opened at C$31.77 on Thursday. Quebecor has a 12 month low of C$19.50 and a 12 month high of C$25.27. The stock has a market cap of $5.73 billion and a PE ratio of 22.94.
Quebecor Inc operates in 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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