Quebecor (TSE:QBR) Stock Rating Lowered by Canaccord Genuity Group

Quebecor (TSE:QBR) was downgraded by investment analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on QBR. Natl Bk Canada lowered shares of Quebecor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada cut Quebecor from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Quebecor Stock Performance

Quebecor Company Profile

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company’s Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business.