Quebecor (QBR.B) Given New C$31.00 Price Target at Royal Bank of Canada

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Quebecor (TSE:QBR.B) had its target price boosted by Royal Bank of Canada from C$30.00 to C$31.00 in a research report report published on Friday morning. They currently have an outperform rating on the stock.

QBR.B has been the topic of a number of other reports. National Bank Financial lifted their price target on Quebecor from C$29.00 to C$31.00 and gave the company an outperform rating in a research note on Wednesday, August 8th. CIBC lifted their price target on Quebecor from C$28.00 to C$29.00 in a research note on Wednesday, May 9th. BMO Capital Markets lifted their price target on Quebecor from C$28.50 to C$30.00 and gave the company an outperform rating in a research note on Wednesday, May 9th. Scotiabank lifted their price target on Quebecor from C$30.00 to C$31.00 and gave the company a focus stock rating in a research note on Wednesday, May 9th. Finally, Barclays lifted their price target on Quebecor from C$29.00 to C$32.00 in a research note on Thursday, May 10th. 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’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$30.70.

Quebecor stock opened at C$27.88 on Friday. Quebecor has a 12-month low of C$19.50 and a 12-month 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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