National Bank Remains a Buy on Quebecor (QBCRF)

In a report released today, Adam Shine from National Bank maintained a Buy rating on Quebecor (QBCRF – Research Report), with a price target of C$37.00. The company’s shares opened today at $22.21.

According to TipRanks, Shine is a 3-star analyst with an average return of 0.9% and a 46.19% success rate. Shine covers the Communication Services sector, focusing on stocks such as Quebecor, Telus, and BCE.

In addition to National Bank, Quebecor also received a Buy from Scotiabank’s Maher Yaghi in a report issued today. However, yesterday, BMO Capital upgraded Quebecor (Other OTC: QBCRF) to a Hold.

QBCRF market cap is currently $5.02B and has a P/E ratio of 9.62.

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Quebecor (QBCRF) Company Description:

Quebecor, Inc. engages in the provision of telecommunications, entertainment, and news media services. It operates through the following business segments: Telecommunications, Media, and Sports & Entertainment. The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time. The Sports & Entertainment segment provides book publishing, music distribution and production operations. The media segment operation of an over-the-air television network and specialty television services, soundstage and equipment leasing and post-production services for the film and television industries. The company was founded by Pierre Péladeau on January 8, 1965 and is headquartered in Montreal, Canada.