Quebecor, Inc. (TSE:QBR.B) Downgraded by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Quebecor, Inc. (TSE:QBR.B) from a top pick rating to an outperform rating in a research report sent to investors on Friday. They currently have C$49.00 target price on the stock, up from their prior target price of C$46.00.

Other equities analysts also recently issued reports about the company. TD Securities restated an action list buy rating and issued a C$50.00 target price on shares of Quebecor in a research note on Monday, April 17th. Scotiabank lifted their target price on Quebecor from C$47.00 to C$48.00 and gave the company a focus stock rating in a research note on Monday, May 8th. BMO Capital Markets lifted their target price on Quebecor from C$47.50 to C$50.00 in a research note on Friday. Canaccord Genuity lifted their target price on Quebecor from C$44.00 to C$47.00 and gave the company a buy rating in a research note on Friday, May 12th. Finally, CIBC lifted their target price on Quebecor from C$43.00 to C$47.00 and gave the company an outperform rating in a research note on Friday. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$50.88.

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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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