Quebecor (QBR.B) Price Target Raised to C$38.00 at TD Securities

Quebecor (TSE:QBR.B) had its target price upped by TD Securities from C$35.00 to C$38.00 in a research report released on Thursday. TD Securities currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on QBR.B. National Bank Financial raised their price objective on Quebecor from C$34.50 to C$35.50 and gave the company an outperform rating in a research note on Tuesday. Royal Bank of Canada raised their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company. Quebecor presently has a consensus rating of Buy and an average price target of C$33.80.

TSE QBR.B opened at C$31.68 on Thursday. Quebecor has a 1-year low of C$19.50 and a 1-year high of C$25.27. The company has a market capitalization of $5.70 billion and a P/E ratio of 22.87.

About Quebecor

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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Analyst Recommendations for Quebecor (TSE:QBR.B)

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