National Bank Financial Raises Quebecor (QBR.B) Price Target to C$35.50

Quebecor (TSE:QBR.B) had its price objective hoisted by National Bank Financial from C$34.50 to C$35.50 in a research note published on Tuesday morning. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on QBR.B. Royal Bank of Canada increased their price target on shares of Quebecor from C$30.00 to C$33.00 and gave the stock an outperform rating in a report on Monday, November 12th. TD Securities increased their price target on shares of Quebecor from C$32.00 to C$33.00 and gave the stock a buy rating in a report on Friday, December 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Quebecor has a consensus rating of Buy and an average target price of C$33.80.

QBR.B stock opened at C$31.68 on Tuesday. The firm has a market capitalization of $5.72 billion and a PE ratio of 22.87. Quebecor has a 12 month low of C$19.50 and a 12 month high of C$25.27.

Quebecor Company Profile

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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