Quebecor, Inc. (QBR.B) PT Raised to C$55.00 at BMO Capital Markets

Quebecor, Inc. (TSE:QBR.B) had its price objective hoisted by equities researchers at BMO Capital Markets from C$50.00 to C$55.00 in a note issued to investors on Monday. BMO Capital Markets’ price objective suggests a potential upside of 12.52% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. TD Securities lifted their price objective on Quebecor from C$53.00 to C$54.00 in a research report on Friday, August 11th. Barclays PLC lifted their price objective on Quebecor from C$49.00 to C$51.00 in a research report on Friday, August 11th. CIBC lifted their price objective on Quebecor from C$47.00 to C$54.00 in a research report on Monday. Canaccord Genuity lifted their price objective on Quebecor from C$47.00 to C$50.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Scotiabank lifted their price objective on Quebecor from C$50.00 to C$53.00 and gave the company a “focus stock” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$54.33.

Shares of Quebecor (TSE:QBR.B) opened at C$48.88 on Monday. Quebecor has a one year low of C$35.31 and a one year high of C$50.00.

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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.

Analyst Recommendations for Quebecor (TSE:QBR.B)

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