Quebecor, Inc. (TSE:QBR.B – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.68 and traded as low as C$29.95. Quebecor shares last traded at C$30.43, with a volume of 322,787 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on QBR.B shares. Royal Bank of Canada decreased their target price on Quebecor from C$38.00 to C$36.00 in a research report on Friday, February 23rd. Canaccord Genuity Group decreased their target price on Quebecor from C$35.00 to C$34.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. CIBC decreased their target price on Quebecor from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Scotiabank boosted their price target on Quebecor from C$38.25 to C$38.75 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets boosted their price target on Quebecor from C$39.00 to C$42.00 in a research note on Monday, December 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$40.03.
View Our Latest Analysis on QBR.B
Quebecor Trading Down 0.5 %
About Quebecor
Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.
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