Quebecor Receives Consensus Rating of “Buy” from Brokerages (TSE:QBR.B)
Quebecor (TSE:QBR.B) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$30.43.
A number of research firms have recently commented on QBR.B. Analysts at Cormark downgraded shares of Quebecor from a “top pick” rating to a “buy” rating in a research note on Friday, August 1st. Separately, analysts at TD Securities raised their price target on shares of Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 1st. They now have an “action list buy” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Quebecor to a “hold” rating in a research note on Thursday, July 17th.
The company also recently declared a Quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.0229 per share. This represents a yield of 0.38%. The ex-dividend date of this dividend is Friday, August 1st.
Quebecor Inc (TSE:QBR) is a holding company.
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