Quebecor, Inc. (TSE:QBR.B) shares reached a new 52-week low on Monday . The stock traded as low as C$23.26 and last traded at C$24.06, with a volume of 111085 shares changing hands. The stock had previously closed at C$23.92.
QBR.B has been the subject of several research reports. CIBC boosted their price objective on shares of Quebecor from C$47.00 to C$54.00 in a report on Monday, November 13th. Canaccord Genuity upped their target price on shares of Quebecor from C$50.00 to C$51.00 and gave the company a “hold” rating in a report on Monday, November 13th. Barclays upped their target price on shares of Quebecor from C$51.00 to C$53.00 in a report on Monday, November 13th. Royal Bank of Canada upped their target price on shares of Quebecor from C$49.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, TD Securities cut shares of Quebecor from an “action list buy” rating to a “buy” rating and upped their target price for the company from C$54.00 to C$56.00 in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$54.33.
Quebecor Company Profile
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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