Scotiabank Raises Quebecor, Inc. (QBR.B) Price Target to C$50.00

Quebecor, Inc. (TSE:QBR.B) had its target price increased by research analysts at Scotiabank from C$48.00 to C$50.00 in a research note issued on Sunday, May 21st. The brokerage presently has a “focus stock” rating on the stock.

A number of other analysts have also commented on QBR.B. TD Securities reiterated an “action list buy” rating and issued a C$50.00 price objective on shares of Quebecor in a research report on Monday, April 17th. CIBC boosted their target price on Quebecor from C$41.00 to C$43.00 in a research report on Thursday, March 16th. Royal Bank Of Canada lifted their price objective on Quebecor from C$44.00 to C$45.00 and gave the company a “top pick” rating in a report on Thursday, March 16th. Finally, Canaccord Genuity lifted their price objective on Quebecor from C$44.00 to C$47.00 and gave the company a “buy” rating in a report on Friday, May 12th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Quebecor presently has an average rating of “Buy” and a consensus target price of C$46.33.

Analyst Recommendations for Quebecor (TSE:QBR.B)

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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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